SCO reorganization proposed

Posted by Scott_Ruecker on Jan 13, 2009 10:13 PM EDT; By Paul Krill
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As part of a proposed reorganization following its bankruptcy filing, SCO plans a public auction of its mobile business and its Unix OpenServer business, the company said on Monday. Through the auction, SCO plans to secure additional operating funds in the two lines of business, believing that the auction will maximize the value of an asset sale and ensure ongoing development of the businesses. Several investment groups have expressed interest in acquiring the assets via public auction, SCO said.

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