Feeds

SCO gets offer for Unix biz

Enough to pay the lawyers off

Combat fraud and increase customer satisfaction

The SCO Group, which earlier this month filed for bankrupcy protection, says it has received an offer for its Unix business.

A group of New York investors, backed by York Capital Management, are willing to pay $36m. This includes a $10m credit for lawyers' bills.

SCO is currently in Chapter 11 bankrupcy protection. This was agreed 14 September, and means that SCO must get the court's permission before it can sell.

The court next meets 6 November, and SCO wants it to reduce the time allowed for people to file their objections to the deal.

The company has filed relevant documents to the Securities and Exchange Commission including the following warning to investors: "There can be no assurance that the Bankruptcy Court will approve the proposed transaction or that final documentation will be reached on terms satisfactory to all parties.". More from the SEC here.

SCO has spent the last five years mired in legal action which has seen the once great company labelled little more than a patent IP troll. SCO sued Novell in a dispute over the ownership of UNIX. Then the company sued IBM for donating code, allegedly ripped from UNIX, to Linux.

In response SCO was hit by a volley of counter-suits - the latest from Novell which was given the court's go ahead to sue SCO for licensing money. Lawyers bills continued to rise - in one quarter SCO paid over $9m to its attorneys.

Groklaw has more on this here. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.