Feeds

Corel receives bigger buyout offer

The other software company...

Internet Security Threat Report 2014

Corel has told regulators in Canada that it has received an improved offer to buy the firm, and the board has not yet decided what to do.

Venture capital firm Vector Capital, which already owns a majority stake in desktop software vendor Corel, is offering to buy the rest of the firm.

In a statement to Canadian share regulators, Corel said: "The Board is unable to take a position with respect to the Offer at the present time because they have not had the opportunity to complete their evaluation of the increase in the Offer price per common share that Vector advised them of late last night."

Vector Capital, based in San Francisco, offered $3.50 a share at the end of October, last night it increased this offer to $4 a share.

Corel makes alternatives to Microsoft's Office products, as well as several graphics and painting software packages like PaintShop. It also owns file compression software WinZip. It has struggled against Microsoft and Adobe but still makes revenue of about $200m a year.

Corel's full statement is here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.