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 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.”

Read more of this story at Slashdot.


Share


Your Ad Here

Tags:

Tuesday, June 16th, 2009 Uncategorized