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Corel Goes Private

Posted by CowboyNeal on from the taking-things-underground dept.

prostoalex writes "Ottawa-based Corel, known for its CorelDRAW, WordPerfect, Painter and Bryce products, has been acquired by Vector Capital Corp. for $124 mln. with the intent to get de-listed from Nasdaq and Toronto stock markets and go private. 80% of shareholders approved the deal, according to the story. At certain points of its corporate history Corel was a Linux vendor and even partially owned by Microsoft. Microsoft paid $135M for 25% of the shares, so Vector Capital paying $124M for 100% stake looks like a pretty good deal." It's been over a month since this was first announced, but it's actually come to pass now.

3 of 145 comments (clear)

  1. Re:Corel Draw by wyzemoro · · Score: 0, Offtopic

    corel draw in linux? hmmmmm.... i rather stay wid gimp... wekeke.

    SCO? linux 0wn3d j00!

    --
    Moslemen M. Macarambon Jr. http://www.junmacarambon.com/
  2. Re:Does anyone see IP issues inthe future? by xanadu-xtroot.com · · Score: 0, Offtopic

    simply now an owned brand

    Isn't that a bit like RAW vs. Smackdown...

    --
    I'm not a prophet or a stone-age man,
    I'm just a mortal with potential of a super man.
  3. Re:And not to forget the truly spectacular Netwind by A_Non_Moose · · Score: 0, Offtopic

    (snipped to take out of context)

    I've got one running behind me running me.

    /me holds up a large cannon plug

    So where does thing go?

    Wait.

    Never mind....

    /me convers ears

    TMI, TMI.

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