Feeds

Corel receives bigger buyout offer

The other software company...

Intelligent flash storage arrays

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Google opens Inbox – email for people too stupid to use email
Print this article out and give it to someone techy if you get stuck
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Redmond top man Satya Nadella: 'Microsoft LOVES Linux'
Open-source 'love' fairly runneth over at cloud event
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.