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Mandriva Saved By New Investors

Jun 22, 2010, 20:36 (0 Talkback[s])
(Other stories by Caitlyn Martin)

[ Thanks to Caitlyn Martin for this link. ]

"After weeks of concern about the "catastrophic state of it's finances" and an indefiniete delay in the release of version 2010.1, the French website LeMagIT is reporting that Mandriva has been saved by new investors. The article quotes Mandriva Director General Arnaud Laprévote: "Today the company found investors who decided to invest in the company, in order to give balance to the organization and to find a good economic model." He added that "the community and users no longer need be concerned." Due to regulations regarding confidentiality the identity of the new investors was not disclosed. Laprévote went on to explain: "we were aware that the existence of Mandriva was threatened, and today that is no longer the case."

"There has been a great deal of speculation regarding potential buyers..."

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