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corel seeks buyer

March 24, 2003

Alas, poor WordPerfect. Probably on its deathbed now. (Even though Corel is about to release a new version, in a case of spectacularly bad timing.)

Corel Seeks Buyer: Struggling Canadian software firm Corel Corp. is actively trying to find a buyer for its business and has signed a non-disclosure and standstill agreement with San Francisco-based Vector Capital that lets Vector investigate a takeover bid for the struggling software maker. But Corel can still try and find alternative buyers and pursue strategic alternatives for its business, and so it has appointed Canadian investment bank CIBC World Markets to help it in this regard, the company said in a statement on Monday.

Posted by iain at March 24, 2003 04:56 PM

 

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