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Details emerge of patents Novell is selling to Microsoft

Chris Kanaracus | Jan. 18, 2011
Additional details have emerged regarding the more than 800 patents Novell is selling to the Microsoft-led consortium CPTN Holdings for $450 million, about two months after the deal was first announced.

"As a result, if the patent sale occurs, CPTN would purchase 861 issued patents and pending patent applications and 20 lapsed patent applications," the filing states.

CPTN has proposed that it be given additional issued patents and pending patent applications in Novell's portfolio, in order to "unite certain patent families," "compensate CPTN for the reduction in issued patents," as well as other considerations.

"Attachmate has informed us that they currently do not intend to consent to our changing the list of assigned patents under the Patent Purchase Agreement," Novell said.

Novell's filing also includes a detailed timeline of how the Attachmate and CPTN deal was made.

Last May, eight other potential buyers besides Attachmate submitted non-binding offers, according to the filing.

A number of other potential transactions involving multiple parties were also proposed.

One involved a company referred to as "Party B," which "offered to arrange a transaction with an aggregate purchase price of $550 million in cash through which a consortium would purchase our open platform solutions business and Party B would purchase the Select Patents."

Party B's identity is not revealed in the filing, and it was not clear whether the consortium was CPTN Holdings or a related entity.

A Novell spokesman did not respond to a request for comment Tuesday.

 

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