Darl Buys (Not Licenses) SCO's Mobility Assets for $100,000 - Updated

"First word from the bankruptcy hearing today on Darl McBride's offer to buy SCO's mobility assets. Groklaw's UD has this quick report, with more to come later: Just got out of the SCO BK hearing a little bit ago and thought I'd send a quick update for you.

"The sale of the mobility business to Darl was approved, but he ended up paying $100,000 for it instead of the original $35,000 because there was a second bidder that responded to the sale ad in the newspaper. They had an auction this past Monday with a minimum bid of $100,000 for the outright sale of the assets. Darl bid, the other party didn't. The judge approved the sale.

"More a little later when I don't have to type on my phone...

"Update: Note that this was a *sale*, including the IP, not Darl licensing it, as originally proposed. Is there a word for the opposite of bait and switch?"

Complete Story

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