Novell sells Unix business to Santa Cruz Operation for stock and future revenues.

From: Software Industry Report | Date: October 2, 1995 | Copyright information

H-P And Santa Cruz Will Co-Develop New Unix Version For Intel Processors

Novell has decided to sell its Unix business to The Santa Cruz Operation Inc. and hand over much of the responsibility for future Unix technology development to Hewlett Packard Company.

Under the deal, Novell will receive 6.1 million shares of SCO common stock, resulting in an ownership position of 17 percent. News reports say that part of the deal is worth between $59 million and $79 million. SCO will also license Novell's NetWare Directory Services and other NetWare 4 technologies as the basis ...

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