Microsoft-led group to pay $450M for 882 Novell patents

Posted by Scott_Ruecker on Nov 23, 2010 2:26 AM EDT
ComputerWorld; By Chris Kanaracus and Joab Jackson
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CPTN Holdings LLC, a consortium of technology companies organized by Microsoft, is purchasing 882 Novell patents for $450 million cash, according to a U.S. Securities and Exchange Commission filing submitted Monday by Novell. The deal is part of the Attachmate acquisition of Novell, also announced Monday, and expected to close in the first quarter of next year. In the original announcement, Novell stated only that CPTN would acquire "certain intellectual property assets."

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