Feeds

SCO gets offer for Unix biz

Enough to pay the lawyers off

Security for virtualized datacentres

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. ®

Internet Security Threat Report 2014

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
Was ist das? Eine neue Suse Linux Enterprise? Ausgezeichnet!
Version 12 first major-number Suse release since 2009
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.