SCO claims it has Unix business buyer (Linux-Watch)
[Posted October 25, 2007 by cook]
Linux-Watch
reports
that York Capital Management is interested in buying parts of the bankrupt
SCO.
"
No one would buy this plot element in a TV drama like Boston Legal, but The SCO Group claims it has a buyer lined up, a subsidiary of York Capital Management that wants to buy its Unix business and associated Linux lawsuits.
One might well ask, "What business?" SCO is in danger of being delisted from the Nasdaq stock exchange; it's filed for Chapter 11 bankruptcy; it's lost all claims to the Unix IP (intellectual property) to Linux rival Novell; and its Unix business continues to decline and lose money. Who would want to buy such a company's assets?"
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