Linux Online - SCO hopes selling Unix will raise $36 million

SCO hopes selling Unix will raise $36 million


Publication:	CNET	Date:	Oct 26 2007
Reporter:	Stephen Shankland

The SCO Group, working to emerge from Chapter 11 bankruptcy protection, hopes to sell its Unix assets to York Capital Management for up to $36 million, the company said this week in regulatory and bankruptcy court filings.

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.

Comments

Subject	Posted by	Date
The SCO comedy continues ...	pinniped	26 Oct, 04:54
Why?	cadstarsucks	26 Oct, 06:41
York CM just wants attention	nycace36	26 Oct, 10:38
		[ all comments ]