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MandrakeSoft Exits Bankruptcy

Posted by michael on from the free-as-a-bird dept.

joestar writes "It's official now: the Court has approved Mandrakesoft's exit plan from the Chapter 11-like protection status. This seems to be the result of the recently announced profitability of the company, and means that Mandrakesoft is now fully back to normal activities. Great news for the Open Source community and Mandrake Linux users! All details are available in an online PR."

1 of 233 comments (clear)

  1. They may be out of bankruptcy, BUT by ModernGeek · · Score: 5, Informative

    they have debt to pay off for the next 9 YEARS. That is almost as long as Linux has been around. Who knows what it will be like in 9 years since it is so far away in computer time. The french chapter 11 is a lot differnet than filing bankruptcy in America when you just don't have to pay your bills after you are done with it.

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