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Corel to be bought by Vector Capitol

Posted by ryuzaki0 on from the meet-the-new-boss dept.

mgeoffrey writes "Corel announced that Vector Capitol will acquire Corel by buying out all outstanding shares at $1.05 a share. They are buying 22,890,000 shares. Vector Capitol has published a full report." Looks like the natural continuation after Microsoft sold off their Corel holdings.

2 of 161 comments (clear)

  1. OSS Buyouts by Anonymous Coward · · Score: 4, Interesting

    $22 million for Corel? Hell. It's time for the open-source community to start considering buyouts. That's about US $1.22 per user, according to one estimate. Not a high price to pay for the WP and Corel Draw source.

  2. Re:Ah, the old WordPerfect. by Noksagt · · Score: 4, Interesting

    They do everything from linux to graphic software to word processing.. And none of its really working.

    I must protest. I am an fervid WordPerfect user and, until the most recent version of each, it worked far better than Microsoft Word.

    I also know many who still use Corel linux (which Corel (in a move you would say was wise because it focused their resources) dropped).

    I think that their software has usually been good. It doesn't work from a business standpoint, because there is already quality software that is much more popular, and people take popularity over quality any day. It is like VHS vs. BetaMax.