News Burst: Corel denies Red Hat acquisition rumour

Corel CEO Michael Cowpland on Tuesday denied rumours that his company was in acquisition talks with Linux software provider Red Hat.

By | | Topic: Tech Industry

Both stocks soared Monday on a rumour that Red Hat would buy Corel, which provides office productivity software.

During an interview on CNBC Tuesday, Cowpland denied there were talks between the companies on a deal.

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