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Microsoft deal sets Corel up for sale day: analysts | |
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| Time: 08:25 EST/13:25 GMT | News Source: Financial Times | Posted By: Todd Richardson | ||
|
Corel Corp. could be sold after an "unusual" transaction is completed that will see rival Microsoft Corp. transfer its stake in the Canadian software maker to a U.S. venture capital firm, industry observers say. Microsoft, Corel's largest investor and the world's No. 1 software maker, will sell its 22.9 million Corel preferred shares to Vector Capital, a San Francisco-based venture capital firm, by March 24. | ||
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