The Register® — Biting the hand that feeds IT

Feeds

Sage leads bidding for Mind Your Own Business

  • alert
  • print

Geordie move into Antipodes looking good

By John Oates • Get more from this author

Posted in Business, 18th August 2011 11:01 GMT

Watch Now : Virtual Machine Movement with Hyper-V

Sage has been declared preferred bidder for Aussie small biz and accounts firm MYOB.

The Geordie firm is bidding A$1.3bn (£823m), which tops offers from Bain Capital and Kohlberg, Kravis Roberts and Co.

The two private equity/asset stripper firms were stymied by the downturn in debt markets in recent weeks.

The offer is a generous valuation of MYOB and would be Sage's biggest ever buy.

Sage said yesterday it was in the bidding: company spokespersons were unavailable at the time of writing. ®

Watch Now : Virtual Machine Movement with Hyper-V

Hands on with Hyper-V 3.0 and virtual machine movement

Our award-winning Regcasts have teamed up with training provider QA for the deepest of deep dives into Hyper-V, including a live demo.

Understand VM movement - just click to play, or go here for a bigger version.