Novell (NOVL) has reached a deal in principle to sell itself in two parts, sources say, with a...

|By:, SA News Editor

Novell (NOVL) has reached a deal in principle to sell itself in two parts, sources say, with a deal signing likely in the next 3-4 weeks. A strategic buyer will pick up the part of Novell that develops and delivers Linux systems, while a P-E firm will grab most of the rest. Shares +5%.