Corel Buys Out Corel

Published by Tech Pundit | Filed under Internet | November 26th, 2009

Apologies for the confusing headline, but I couldn’t resist. This morning, long-time software maker Corel Corporation turned over full ownership to Corel Holdings, a limited partnership controlled by an affiliate of Vector Capital , majority investor of the company behind many familiar software programs like WordPerfect, CorelDRAW, WinZip, Paint Shop Pro and WinDVD (most of them obtained through acquisition of smaller software firms). The LP of the private equity investment firm, which already owned approximately 68% of the Corel Corporation, announced this morning that it has successfully completed its tender offer to purchase all outstanding common shares of the company, evidently not including those owned by Corel Holdings and its affiliates.

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Corel Buys Out Corel