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| SCO vs. Linux: New investor rescues SCO from bankruptcy |
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According to a report by the Salt Lake Tribune on the hearing, Gulf Capital is to invest in the SCO Group with the aim of meeting all the company's obligations to its creditors. The company will then continue its litigation business against IBM and others under Darl McBride, as previously announced by Stephen Norris back in early 2008. The majority of SCO's 62 employees will continue selling SCO software, but under a new company headed by SCO president Jeff Hunsaker.
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