SCO vs. Linux: New investor rescues SCO from bankruptcy

Posted by Scott_Ruecker on Jun 16, 2009 10:53 AM EDT
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In yet another bizarre twist in the interminable legal dispute over source code allegedly illegally copied from UNIX System V into Linux, the SCO Group, which claims ownership of the disputed code, has secured a last-gasp reprieve from the threat of liquidation. Immediately before the crucial liquidation hearing in the bankruptcy court, SCO CEO Darl McBride signed an agreement with a company by the name of Gulf Capital Partners, backed by well-known investor Stephen Norris. Caught out by the surprise development, all parties have agreed to postpone the liquidation hearing until the 16th or the 27th of July.

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One has to wonder... softwarejanitor 26 974 Jun 19, 2009 6:21 PM

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