Published at LXer:

The SCO Group is seeking U.S. Bankruptcy Court approval to sell its Unix business to a New York investment management firm for $36 million, according to documents filed today with the U.S. Securities and Exchange Commission. The Lindon company said it sought court approval on Tuesday for an agreement it entered into with JGD Management Corp. doing business as New York-based investment firm York Capital Management LLC, to sell "substantially all assets used by (SCO) in connection with its Unix business and certain related claims in litigation." The offer also includes up to $10 million in funding for SCO's litigation expenses.

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