SCO vs. Linux: New investor rescues SCO from bankruptcy

“According to a report by the Salt Lake Tribune on the hearing,
Gulf Capital is to invest in the SCO Group with the aim of meeting
all the company’s obligations to its creditors. The company will
then continue its litigation business against IBM and others under
Darl McBride, as previously announced by Stephen Norris back in
early 2008. The majority of SCO’s 62 employees will continue
selling SCO software, but under a new company headed by SCO
president Jeff Hunsaker.”

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