Controlling Interest in Mandriva Sold To Russian Firm; Former Developers Fork Distribution

Posted by caitlyn on Sep 20, 2010 4:12 PM EDT
O'Reilly Broadcast; By Caitlyn Martin
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Last Friday the newspaper Vedomosti reported that a Russian firm, NGI, has purchased a controlling interest in Mandriva. The Quintura blog published a short English language summary of the article today. NGI had previously purchased a 5% stake in Mandriva in July for an undisclosed sum as part of the €3 million financial rescue of the company according to the Vedomosti article. NGI and Ceychas Fund are investing an additional €2 million to acquire controlling interest, including purchasing shares currently held by two other investors.

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