Novell sold to Attachmate

Novell also announced it has entered into a definitive agreement for the concurrent sale of certain intellectual property assets to CPTN Holdings LLC, a consortium of technology companies organized by Microsoft Corporation, for $450 million in cash, which cash payment is reflected in the merger consideration to be paid by Attachmate Corporation.

Novell has announced the company's sale to Attachmate for $6.10/share. More ominously: "" Information on what the "certain intellectual property assets" are is scarce at the moment. (Thanks to Jeff Schroeder).

Update: Novell's 8K filing is available with a bit more information. The "certain intellectual property" is 882 patents. There is also an escape clause for Novell should somebody come along with an offer for the company that includes buying the patents.

