On July 3, 2018 11:50:48 AM PDT, Robert Schweikert wrote:

On 07/03/2018 02:19 PM, John Andersen wrote:

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On July 3, 2018 12:31:15 AM PDT, Larry Stotler wrote:

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Saw on Slashdot that Microfocus has sold SUSE to EQT.

Anyone else got any info and how this affects opensuse?

Thanx

Little late to the party Larry? I mentioned this two days ago, and it was old news then.

Well, funny math. The deal was announced yesterday, July 2nd and given that today is the 3rd I am not certain how you get to "I mentioned this two days" ago, anyway...

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Either nobody knows or nobody dares say anything. At least not

employed by suse.

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Probably updating resumes.

Well I cannot speak for everyone, but my resume will not be updated.

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I don't even know anything about the VCs that bought suse.

Well using Google to look up EQT is very helpful. Their website is reasonably informative about the company. You can find out for example that EQT established a new fund this year (2018) called EQT VIII. And from the press release about the acquisition you will learn that this fund, EQT VIII, is the potential new owner of SUSE. Potential new owner simply because the deal needs approval by MF shareholders and needs regulatory approval. All this is known publicly available information. And for those interested it is even possible to find the investors in this fund ;) .

Also in the press releases is that SUSE will be an independent company.

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I hope they got nothing else on the back burner, it would be nice to have suse be only a Linux company again.

And that's where this is going, as stated in the publicly available information.

Later, Robert

It's been in financial rumours for at least two months, leaked ahead of announcement by 3 full days. I had MF stock, recently sold, and had been watching this for a while. I've never had any confidence in MF, and only acquired their stock via one of the prior reshuffling. -- Sent from my Android phone with K-9 Mail. Please excuse my brevity. -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

On Wed, Jul 4, 2018 at 1:12 PM, Liam Proven wrote:

On 03/07/18 20:50, Robert Schweikert wrote:

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Well using Google to look up EQT is very helpful. Their website is reasonably informative about the company. You can find out for example that EQT established a new fund this year (2018) called EQT VIII.

For what it's worth -- I wasted some time trying to find out -- the "VIII" just means 8. It's EQT AB's fund number 8.

So no, SUSE isn't owned by EQT VIII -- it's owned by EQT, but the money came from EQT's fund № 8.

EQT is backed by the Wallenberg group:

https://www.wallenberg.com/

https://en.wikipedia.org/wiki/Wallenberg_family

Quite a powerful family in Sweden. They own lots of things. As well as large holdings in major banks. Their ties to Ivar Kreuger have always been interesting. I have always heard that the Wallenberg family helped the Swedish government by keeping the many large companies Kreuger owned from failing, and thus sending the Swedish economy into ruin. In the process, they became very powerful. Of course they did keep the companies from failing, which was a good thing. -- Roger Oberholtzer -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

On Wed, Jul 04, 2018 at 12:17:31PM +0000, Peter Suetterlin wrote:

Roger Oberholtzer wrote:

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On Wed, Jul 4, 2018 at 1:12 PM, Liam Proven wrote:

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On 03/07/18 20:50, Robert Schweikert wrote:

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Well using Google to look up EQT is very helpful. Their website is reasonably informative about the company. You can find out for example that EQT established a new fund this year (2018) called EQT VIII.

For what it's worth -- I wasted some time trying to find out -- the "VIII" just means 8. It's EQT AB's fund number 8.

So no, SUSE isn't owned by EQT VIII -- it's owned by EQT, but the money came from EQT's fund № 8.

EQT is backed by the Wallenberg group:

https://www.wallenberg.com/

https://en.wikipedia.org/wiki/Wallenberg_family

Quite a powerful family in Sweden. They own lots of things. As well as large holdings in major banks.

Indeed. And they do have some foundations that support science projects. Our telescope had been built with their support 30 years ago, and also today our new science instruments often can be afforded only thanks to their grants.

I've heard rumors Wallenberg foundation pays more research/science project subsidies than the Swedish Government....

-- Dr. Peter "Pit" Suetterlin http://www.astro.su.se/~pit Institute for Solar Physics Tel.: +34 922 405 590 (Spain) P.Suetterlin@royac.iac.es +46 8 5537 8559 (Sweden) Peter.Suetterlin@astro.su.se

Interesting job you have! Nevertheless, it seems that there is no DN entry for www.solarphysics.kva.se: Firefox can’t find the server at www.solarphysics.kva.se. host www.solarphysics.kva.se host solarphysics.kva.se host www.kva.se www.kva.se has address 5.10.124.142 host www.solarphysics.kva.se 8.8.8.8 Using domain server: Name: 8.8.8.8 Address: 8.8.8.8#53 Aliases: Werner -- "Having a smoking section in a restaurant is like having a peeing section in a swimming pool." -- Edward Burr

On Wed, 4 Jul 2018 13:12:37 +0200 Liam Proven wrote:

On 03/07/18 20:50, Robert Schweikert wrote:

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Well using Google to look up EQT is very helpful. Their website is reasonably informative about the company. You can find out for example that EQT established a new fund this year (2018) called EQT VIII.

For what it's worth -- I wasted some time trying to find out -- the "VIII" just means 8. It's EQT AB's fund number 8.

So no, SUSE isn't owned by EQT VIII -- it's owned by EQT, but the money came from EQT's fund № 8.

I suspect that isn't correct. I would expect the funds to be legally separate entities from the management company. They have separate legal representation, for example. I suspect that SUSE is owned by EQT VIII and that EQT Fund Management Sarl is an adviser. I believe my suspicions are confirmed by the ownership diagram on p41 of last year's annual review.

EQT is backed by the Wallenberg group:

https://www.wallenberg.com/

https://en.wikipedia.org/wiki/Wallenberg_family

-- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

On 07/05/2018 03:14 AM, David C. Rankin wrote:

On 07/04/2018 08:23 AM, Dave Howorth wrote:

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So no, SUSE isn't owned by EQT VIII -- it's owned by EQT, but the money came from EQT's fund № 8. I suspect that isn't correct. I would expect the funds to be legally separate entities from the management company. They have separate legal representation, for example. I suspect that SUSE is owned by EQT VIII and that EQT Fund Management Sarl is an adviser. I believe my suspicions are confirmed by the ownership diagram on p41 of last year's annual review.

For what it is worth, it is quite common to create "straw-man" entities to facilitate acquisitions and mergers.

""" EQT VIII is backed by a global blue-chip investor base including, among others, AP2, AP6, Ardian, Argentum, CNP Assurances, Daido Life Insurance Company, The Dai-ichi Life Insurance Company, Danske Bank Wealth Management, Elo, Fubon Life Insurance Company, GIC, GoldPoint Partners, HarbourVest Partners, Harel Insurance, Ilmarinen, Keva, The Andrew W. Mellon Foundation, Nan Shan Life Insurance Company, The New York City Retirement Systems, Northwestern Mutual Life Insurance, P+, Partners Group, PFA Pension, Sampension, Signal Iduna, Teacher Retirement System of Texas, Teachers' Retirement System of the State of Illinois, TryghedsGruppen, Universities Superannuation Scheme and Varma. """ From [1]. These are the new owners of SUSE when/if the deal goes through. And those owners will reap the re-wards once SUSE exists the fund. Whatever that exit will be. EQT funds usually run for 10 years. Acquisitions take place usually in the first 5 years and divestiture takes place in the second half of the life of the fund, information readily available from the EQT site. I know, I know, this gives people probably 5 years to speculate what might come next. But speculation is not really helpful, so please do that on some other list or on your own time.

When then dust settles, the important point is who owns a controlling interest in whatever the ultimate owner-entity is. At least it is somewhat reassuring that there is science-oriented money involved. It would be terrible to end up as part of a holding company that can't spell Linux.

Hmm I wonder if the Teacher Retirement System ... people know how to spell Linux. But what does it matter? Later, Robert [1] https://www.prnewswire.com/news-releases/eqt-strengthens-position-as-a-leadi... -- Robert Schweikert MAY THE SOURCE BE WITH YOU Distinguished Architect LINUX Team Lead Public Cloud rjschwei@suse.com IRC: robjo

On 07/05/2018 10:42 AM, John Andersen wrote:

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But speculation is not really helpful, so >please do that on some other list or on your own >time.

Now that you've had your say, the rest of us can just shut up?

I have stated facts.

It's helpful to remember Suse's valuation was in excess of 8 billion when MicroFocus acquired the smoking ruin of Attachmate. Now it's down to 2.8B.

MF took a bath.

I suspect that was always the plan. Somebody's plan.

In any event, Suse doesn't stand much of a chance of exiting this new arrangement at all. What other notable companies have ever "existed" this EQT salvage yard?

You are spreading FUD. Again please, this has nothing to do with the project, how the distribution works or technical problems surrounding any of the openSUSE infrastructure. Thus this topic should be on the offtopic list. Not here. Thanks, Robert -- Robert Schweikert MAY THE SOURCE BE WITH YOU Distinguished Architect LINUX Team Lead Public Cloud rjschwei@suse.com IRC: robjo

On 2018-07-05 09:26 AM, Richard Brown wrote:

Don't spout nonsense, or at least if you are going to do so, follow Roberts advice and take it to the offtopic list where I won't read it.

Thanks, Richard

Would applause be out of order here? -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

* Fraser_Bell [07-05-18 15:55]:

On 07/05/2018 10:11 AM, Darryl Gregorash wrote:

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On 2018-07-05 09:26 AM, Richard Brown wrote:

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Don't spout nonsense, or at least if you are going to do so, follow Roberts advice and take it to the offtopic list where I won't read it.

Thanks, Richard

Would applause be out of order here?

I expect a Standing Ovation for Richard, Robert, and Gertjan/Knurpht is in order, here.

... with a Bronx Raspberry for J.A.

inappropriate, as is the post you responded. have a little class. and I deleted an inappropriate response I felt a need to post! -- (paka)Patrick Shanahan Plainfield, Indiana, USA @ptilopteri http://en.opensuse.org openSUSE Community Member facebook/ptilopteri Registered Linux User #207535 @ http://linuxcounter.net Photos: http://wahoo.no-ip.org/piwigo paka @ IRCnet freenode -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

* Darryl Gregorash [07-05-18 18:46]:

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inappropriate, as is the post you responded. have a little class. No more so than the idle speculation and rumour milling that threatened, once again, to reduce the signal-to-noise ratio almost to zero... as was

On 2018-07-05 02:42 PM, Patrick Shanahan wrote: the case with all the brouhaha over the creation of [opensuse-support].

Meanwhile, legitimate tech questions often go without much, or sometimes without any, response.

yes, sadly. many refuse to sort their way thru the off-topic posts. and there is a list *dedicated* to offtopic just for this. so if you wish to continue, I will respond there. or not. -- (paka)Patrick Shanahan Plainfield, Indiana, USA @ptilopteri http://en.opensuse.org openSUSE Community Member facebook/ptilopteri Registered Linux User #207535 @ http://linuxcounter.net Photos: http://wahoo.no-ip.org/piwigo paka @ IRCnet freenode -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

Fraser_Bell wrote:

On 07/05/2018 03:44 PM, Darryl Gregorash wrote:

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inappropriate, as is the post you responded. have a little class. No more so than the idle speculation and rumour milling that

On 2018-07-05 02:42 PM, Patrick Shanahan wrote: threatened, once again, to reduce the signal-to-noise ratio almost to zero... as was the case with all the brouhaha over the creation of [opensuse-support].

Meanwhile, legitimate tech questions often go without much, or sometimes without any, response.

Ah. I received a notice on my mail server that yet another junk mail from Patrick was auto-redirected to the Black Hole account.

Gerry, you're being notified when something hits the bitbucket?? Doesn't that kind of negate the idea? I thought the whole point was to not hear about it :-) -- Per Jessen, Zürich (17.6°C) member, openSUSE Heroes. -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org

On Tue, Jul 3, 2018 at 2:19 PM, John Andersen wrote:

Little late to the party Larry?

Yep. I don't even load the email this list is sent to very often. Just curious about how this affects opensuse more than anything. -- To unsubscribe, e-mail: opensuse+unsubscribe@opensuse.org To contact the owner, e-mail: opensuse+owner@opensuse.org