UPDATE: NY investment management company offers to buy SCO for $36M

Posted by Sander_Marechal on Oct 25, 2007 11:10 AM EDT
Daily Herald; By Grace Leong 		Mail this story
Print this story

The SCO Group is seeking U.S. Bankruptcy Court approval to sell its Unix business to a New York investment management firm for $36 million, according to documents filed today with the U.S. Securities and Exchange Commission. The Lindon company said it sought court approval on Tuesday for an agreement it entered into with JGD Management Corp. doing business as New York-based investment firm York Capital Management LLC, to sell "substantially all assets used by (SCO) in connection with its Unix business and certain related claims in litigation." The offer also includes up to $10 million in funding for SCO's litigation expenses.

Full Story

  Nav
» Read more about: Story Type: News Story; Groups: SCO

« Return to the newswire homepage

Subject Topic Starter Replies Views Last Post
Let's get this out of the way... NoDough 3 1,469 Oct 26, 2007 7:19 PM
that's a lot of money for staplers and desk organizers tuxchick 3 1,394 Oct 25, 2007 10:47 PM

You cannot post until you login.