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.

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