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SCO Has a Bid; Would Like More

“SCO has filed a Motion to Approve Emergency Motion of the
Debtors for An Order (A) Approving Asset Purchase Agreement, (B)
Establishing Sale and Bidding Procedures, and (C) Approving the
Form and Manner of Notice of Sale. It asks the court to let it
happen. There are more filings, which I’ll put up here shortly, but
I was pretty sure you’d want to know about this one
immediately.

“SCO wants to sell off certain of its Unix assets, namely
‘certain related claims in litigation, as well as certain transfer,
cross-license and related agreements pertaining to the Hipcheck
product line and Me Inc. Mobile intellectual property.’ They say
York Capital Management wishes to buy them. Or, more precisely, the
Purchaser is ‘a newly formed entity affiliated with one or more
funds managed by JGD Management Corp. d/b/a York Capital
Managment…'”

Complete
Story