Cold Feet Quashes Corel

The proposed merger between Corel Corp. and Inprise/Borland Corp. has been called off due to changes since the merger was announced. Citing “significant changes” since the deal was announced, Corel axed the merger this morning.

Corel ( has recently gained attention by its aggressive Linux marketing, including its port of the WordPerfect word processing application. Inprise/Borland ( is best known for its line of compilers and developer tools.

Speculation centers around the concerns voiced by Inprise/Borland stockholders, particularly the US/Canadian exchange rate. A few Inprise/Borland stockholders felt that they were not getting a fair deal in the merger. When their stock was tied to Corel’s, the value of the stock slipped considerably. - Christopher McConnell

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.