Tag Archives: Golden Gate Capital
Myspace Changing Hands, Losing Staff

Myspace is currently subject to a lot of rumors, from layoffs to sale, and should be done with their acquisition deal by Thursday. All Things D reports that Specific Media and Golden Gate Capital are the frontrunners in the deal, both with plans to focus on Myspace’s music services. Before the deal finalizes Myspace will likely cut its staff—some say by 50%, maybe more.
GGC Software Holdings To Acquire Lawson Software For $2 Billion

GGC Software Holdings will be acquiring Lawson Software, Inc. (NASDAQ:LWSN) for $2 billion. The two companies have announced that Lawson has accepted the acquisition bid today. The acquisition is expected to be closed in the third quarter and the combined company will create one of the largest ERP companies. GGC Software Holdings is connected to Infor and private equity firm Golden Gate Capital. “Lawson is a natural strategic partner for Infor, offering complementary software solutions that will extend our existing portfolio, particularly in areas such as health care, public sector, manufacturing and human capital management,” said Info CEO Charles Phillips. [PCW]
Attachmate Corporation Acquiring Novell For $2.2 Billion
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Novell, Inc. (NASDAQ:NOVL) has entered a definitive merger agreement with Attachmate Corporation. Attachmate will be acquiring Novell at $6.10 per share in cash. The transaction value at that price makes it a $2.2 billion deal. Attachmate is owned by an investment group led by Francisco Partners, Golden Gate Capital, and Thoma Bravo.
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