Corel buys WordPerfect

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Corel Corp., a Canadian graphics software marketer, bought Novell's ailing WordPerfect and Quattro Pro PC applications business for $115 million plus royalties to be paid over five years. Novell bought the software for $1.5 billion in March 1994 in an ill-fated attempt to take on Microsoft Corp. Novell put the unit up for sale late last year so it can focus on networking software.

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