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Old 03-01-2010, 10:01 PM   #1
LXer NewsBot
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LXer: SCO vs. Linux: Darl McBride set to buy SCO's mobile arm

Published at LXer:

Things are hotting up in the USA following an offer from majority shareholder Ralph Yarro to lend SCO Group more than 2 million dollars for its pending court cases, the administrator Edward Cahn has presented an alternative financing option to the bankruptcy court. None other than Darl McBride, the former SCO chief executive who was sacked by Yarro, wants to purchase and develop the company's mobile arm. As reported on Groklaw, the proposed conditions of sale are extraordinarily generous, with a purchase price of $35,000 being mooted. Licensing fees would be due only when the company's turnover exceeds 1 million dollars annually they are not expected to exceed 30,000.



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