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The Hacker News - Cybersecurity News and Analysis: tech acquisitions

SUSE Linux Has Been Sold For $2.5 Billion

SUSE Linux Has Been Sold For $2.5 Billion
July 03, 2018Mohit Kumar
SUSE, the open source software company owned by British firm Micro Focus International, has been sold to a Swedish private equity firm. Yes, SUSE Linux and its associated software business has finally been acquired by EQT Partners for $2.535 billion, lifting its shares 6 percent. SUSE is one of the oldest open source companies and perhaps the first to provide enterprise-grade Linux software service to banks, universities and government agencies around the world. Since its foundation in 1992, SUSE has changed ownership multiple times. US-based software company Novell acquired SUSE for $120 million in November 2003 to compete with Microsoft in the operating system market. However, things did not work as the company thought and Novell in turn itself was acquired by another US-based company The Attachmate Group for $2.2 billion in 2011. Three years later, Micro Focus International acquired Attachmate for $2.35 billion in 2014. Since then SUSE Linux has been part of Micro Focus

Japan's Softbank buys semiconductor giant ARM for $32 Billion in Cash

Japan's Softbank buys semiconductor giant ARM for $32 Billion in Cash
July 18, 2016Swati Khandelwal
Japanese telecommunication giant SoftBank has confirmed that the company intends to acquire UK chip designer ARM Holdings for almost $32 Billion (£24.3 Billion) in an all-cash deal. ARM has also agreed to this offer from SoftBank and said that its board would recommend the all-cash deal to shareholders. SoftBank will pay nearly $22.5 per ARM share, which is 43 percent more than ARM's closing share price on Friday and 41 percent more than ARM's all-time high closing share price. The deal is the largest-ever acquisition of a European technology business, first reported by The Financial Times. Wondering Why is ARM really Worth $32 Billion? Founded in 1990, Cambridge-based ARM Holdings designs microchips for a variety of smartphones and powers more than 95 percent of the smartphones in the market. Whether it is Apple's iPhones or iPads, Samsung's Galaxy smartphones, Amazon's Kindle e-readers, the cheapest Nokia phones or Internet-connected devices li
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