Novell adds $600 million to war chest

Posted by dave on Jul 6, 2004 1:35 PM EDT
CNET; By Stephen Shankland
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Novell, the second-ranked seller of the Linux operating system, raised $600 million in a bond offering that closed Friday. Novell will use about $475 million of the funds for "general corporate purposes, including potential future acquisitions," the company said in a statement. The move comes about six months after rival Linux seller Red Hat raised $600 million of its own.

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