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York proposes to take over SCO's Unix/Linux lawsuits

Publication:Linux WatchDate:Nov 21 2007
Reporter:Steven J. Vaughan-Nichols

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York Capital Management's proposed Asset Purchase Agreement and its associated credit agreement for SCO make it clear that if the bankruptcy court lets York buy SCO, that York will be bankrolling SCO's continued lawsuits against Novell, IBM and other Linux-using companies.

Groklaw published the APA and its associated credit agreement during the last few days. The most interesting aspects of the proposed deal are in the credit agreement.




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