UK's Micro Focus sells SUSE software business to EQT for $2.5 billion

UK's Micro Focus sells SUSE software business to EQT for $2.5 billion

Britain’s Micro Focus Intl (MCRO.L) has agreed to sell its SUSE open-source enterprise software business to Swedish buyout group EQT Partners for $2.535 billion, lifting its shares 6 percent.

Micro Focus, a serial acquirer that has been struggling to get to grips with a $8.8 billion Hewlett Packard Enterprise deal, said on Monday it would use some of the proceeds to reduce debt and could return some of the rest to shareholders.

SUSE is used by banks, universities and government agencies around the world and is a pioneer in enterprise-grade Linux software serving companies such as Air India, Daimler and Total.

It has been part of Micro Focus since 2014, when the British company acquired The Attachmate Group for $2.35 billion, and SUSE Linux competes with Red Hat (RHT.N) and Ubuntu in the corporate market for open source operating systems software.

See https://www.reuters.com/article/us-micro-focus-inte-m-a-suse/uks-micro-focus-sells-suse-software-business-to-eqt-for-2-5-billion-idUSKBN1JS0I8

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