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SCO Springs a Prospective Buyer

clemenstimpler sends a link to Groklaw, which has been following the proceedings dealing with the conversion of SCO's bankruptcy to Chapter 7 (i.e., liquidating the company). SCO has announced a prospective buyer. "...SCO has suggested it has a buyer. That doesn't mean it will avoid Chapter 7 of course, nor does it mean that the bankruptcy court will OK the suggested sale. But it likely does mean more delay, which is what this is likely all about. SCO very much wants to wait until the appeals court rules in SCO v. Novell. ... Hearing set for July 16 with backup for July 27. SCO has already moved to make it July 27. combo hearing on convert and sale. Frankly, it would not totally amaze me if the three entities that filed motions to convert were to appeal this. If not, SCO got its desired delay."

4 of 89 comments (clear)

  1. For our Benefit by nametaken · · Score: 5, Funny

    They're dragging it out so we can savor it.

  2. I get it by Starlon · · Score: 5, Funny

    They're getting a bailout! The government will now own Linux.

    --
    Health Freedom is almost as popular as Freedom itself.
  3. Re:in this day and age? by Chrisq · · Score: 5, Insightful

    in this day and age...after the credit implosion and GM's bankruptcy..after Madoff....there's someone still stupid^H^H^H^H^H^Hbold enough to buy SCO? Man....can someone get me his number? I've got a few dozen bridges and landmarks to sell him, not to mention a few automobiles.

    Yes sure, he's the guy that's managing your retirement account.

  4. Potential buyer by Joe+U · · Score: 5, Funny

    I almost bought SCO. But I spent the $10 at McDonalds instead.