Buyer nailed down for Borland tools biz

Near done deal

Borland Software has found a buyer for its development tools business, although the company will not - as was expected - take a stake in the new firm.

Borland is expected to announce a deal during the next few weeks having picked a buyer from a shortlist of three candidates narrowed from 10, sources told The Register. The deal is believed to be worth between $100m and $150m.

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