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Micro Focus offloads SUSE for $2.5bn

Micro Focus offloads SUSE for $2.5bn

Investors in Micro Focus (MCRO) have endured a bumpy few months, to say the least. However, things could be looking up. The software provider has agreed to sell SUSE – its open source software business – for $2.5bn (£1.9bn) to Swedish private equity group EQT. This compares favourably to Micro Focus’s $2.35bn acquisition of The Attachmate Group in November 2014, of which SUSE was only one part – constituting just over a fifth of Attachmate’s total revenues. The sale proceeds will go towards paying transaction-related taxes, and may be used to pay down debt and/or to return cash to shareholders.

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