Vector-owned Corel confirms it is in discussions with third party

No agreement has been reached, the statement added.

Vector, which has owned Corel since 2003, has abandoned its plan to take the company private. The San Francisco-based firm took Corel public in 2006. It had planned to pay shareholders $11 a share and privatise it again.

NASDAQ-listed Corel is a developer of graphics, productivity and digital media software with more than 100 million users worldwide.

In a separate statement, it was announced that Vector has approached Aladdin Knowledge Systems to buy the information security business specialising in authentication, software DRM and content security.

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