As we reported yesterday, hedge fund Elliott Associates L.P. has made an unsolicited $2 billion offer to buy Novell, one of only two remaining large, U.S. public companies focused on open source.
In November of last year, we were already noting that both Red Hat's and Novell's pummeled stock prices, complemented by huge cash positions, made them ripe acquisition targets.
Red Hat bounced back since then, but Novell never did, and whether the Elliott offer or another one comes through,it's looking unlikely that Novell will remain an independent company. How will this impact the tech industry, Linux, and open source?
