CNET News.com's Stephen Shankland reports that, after three months of operating as a single company, Turbolinux and Linuxcare have called off their merger because of difficulties joining the companies' finances and operations. Shankland writes . . .

“Facing a chilly investor environment regarding the Linux operating system, the two companies announced their intent to merge in January and closed the deal Feb. 21. The justification was that Linuxcare's specialization on services complemented Turbolinux's product emphasis, but now it appears the two different businesses didn't dovetail so smoothly after all.”

” 'I think the goals of the two companies were different,' and the economic climate made things worse, Linuxcare Chief Executive Art Tyde said in an interview Tuesday. 'There were certainly financial details involved — everything from valuation to cash in the bank and assets.' . . .”

Read full story

 
This article was originally published on LinuxDevices.com and has been donated to the open source community by QuinStreet Inc. Please visit LinuxToday.com for up-to-date news and articles about Linux and open source.