SiliconBeat

The former Silicon Valley software company Borland has gotten the price offered for it by the British business software developer Micro Focus increased 50 percent. The increase came about thanks to the emergence of a rival bidder Borland identified in a filing last week only as “Company A” k that offered to pay $1.25 a shares, 25 percent above the original Micro Focus offer.

Representatives of “Company A” began Read the rest of this entry »

A deal reached last month in which the former Silicon Valley software company Borland agreed to be acquired by the British business software developer for $1 a share is now on hold as Borland’s board now entertains a $1.25 per share bid from an undisclosed “Company A,” according to a filing Borland made Thursday with the SEC.

Representatives of Read the rest of this entry »

Borland, the one-time Microsoft rival originally founded in 1983 in a space over a garage in Scotts Valley , has agreed to be acquired by Micro Focus for $1 a share. Excluding Borland’s $8 million of net cash and short term investments, the deal is valued at $67 million. The purchase price represented a 25 percent premium to Borland’s 80-cent per-share price the day before the deal was announced.

The company was founded by Phillipe Kahn, Read the rest of this entry »

We try not to take it personally, but it seems everyone wants to leave Silicon Valley these days, probably to save a buck or two. But as they say, you have to spend money to save money.

In an 8-K filed Thursday, WJ Communications said its board voted earlier this month to offshore its “final test and support operations” to the Philippines from San Jose. Cost: $600,000 for employee severance and retention, and another $300,000 in start-up costs. And that probably doesn’t even include the cost of getting satellite TV to watch Sabercats games.

Meanwhile, Borland Software, which back in April said it was moving its headquarters from Cupertino to Austin, filed an 8-K Thursday disclosing its moving expenses. Cost: $4.5 million to $5 million in moving and personnel expenses.