Open Source

SCO wants to sell Unix for cash to continue Linux fight

SCO, which recently filed for bankruptcy protection, hopes to sell its Unix assets to a group of investors backed by York Capital Management for up to $36 million.

SCO, which recently filed for bankruptcy protection, hopes to sell its Unix assets to a group of investors backed by York Capital Management for up to $36 million.

According to CNET News.com:

Through the deal, York would provide SCO with $10 million in cash; up to $10 million in credit to fund its Linux-related legal fight and to get 20 percent of revenue from that action; $10 million for a 20 percent stake in the company; and $6 million to license the Hipcheck products from SCO's Me mobile device software effort and to share revenue from that line, according to the U.S. Bankruptcy Court filing.

Additional reading:

SCO has spent the last five years mired in legal action, and the company is now seen by many as nothing more than a patent troll.

No other information is available at this point, though it is clear that we won't be hearing the last from SCO yet.

About

Paul Mah is a writer and blogger who lives in Singapore, where he has worked for a number of years in various capacities within the IT industry. Paul enjoys tinkering with tech gadgets, smartphones, and networking devices.

7 comments
bcroner
bcroner

This is their only hope. They're in direct competition with something that's better and is for free. Poor guys. They bit it hard. Microsoft is inevitably coming up next. Mac OS is sort of already taken.

Dr.C
Dr.C

I'll bet Microsoft are interested!

wdwrightca
wdwrightca

I am glad. I am tired of Windows spewing information out so fast, more updates and fixes are ten-fold. Besides I hate Windows Live, and I am tired of MS telling me how to configure my machine. When are they going to get rid of the 64 "pea" shooting hole? Just increase the water pressure? Hurray for Unix. I like their Word Processing better anyway. Anyone else feels this way?

OH Smeg
OH Smeg

What's new here? Nothing! This is exactly what happens when you allow a [b]Bean Counter[/b] to run a company. The funny thing is that this action isn't even a action against Linux but a Breach of Contract Dispute between SCO & IBM and other than SCO's claim of IBM using it's code in IBM's Linux it has no relation to anything Linux at all.

wjarvis
wjarvis

Wouldn't it be funny if SCO sold the code, only to have Novell tell the new owners they can't sue due to terms in APA?

j-mart
j-mart

I'm supprised there is anyone stupid enough out there to keep on flogging a dead horse. But I suppose the Lawyers are still rubbing their hands together in delight in the continuing saga of this software patent BS.

2Shane
2Shane

A pox on all their lawyers...

Editor's Picks