Mark Kent wrote:
Handover Phist espoused:
[H]omer wrote:
Fact is much, much stranger than fiction:
SCO claims it has Unix business buyer
.----
Linux-Watch reports that York Capital Management is
interested in buying parts of the bankrupt SCO.
'No one would buy this plot element in a TV drama like
Boston Legal, but The SCO Group claims it has a buyer
lined up, a subsidiary of York Capital Management that
wants to buy its Unix business and associated Linux
lawsuits.
One might well ask, "What business?" SCO is in danger of
being delisted from the Nasdaq stock exchange; it's filed
for Chapter 11 bankruptcy; it's lost all claims to the
Unix IP (intellectual property) to Linux rival Novell; and
its Unix business continues to decline and lose money. Who
would want to buy such a company's assets?'
`----
http://lwn.net/Articles/255852/rss
Did I read that right?
Somebody wants to buy "Linux lawsuits"?
I've heard of some strange acquisitions before; buying
"innovation", buying a company just to destroy it, buying
an advertisement in the form of a facial tattoo. I believe
someone even tried to buy London Bridge once, but ...
Already done .... in America:
http://www.roadtripamerica.com/places/havasu.htm
buying a lawsuit???
Bizarre.
Only in America.
*Everything* is for sale. If someone out there thinks they
can buy lawsuits like that and turn a profit, I'm really
curious as to how.
Just because people are buying things doesn't mean that they
understand what they are doing. I wouldn't be surprised if
there were Microsoft money behind this, myself. A mere US$30
million wouldn't scratch any of their budgets, and would serve
to keep the carcass afloat a little longer.
http://www.computerworld.com.au/index.php/id;490219298;fp;16;fpid;1
[quote]
The amount includes a cash payment of US$10 million, US$10
million to fund continuing litigation with Novell and IBM, US$10
million or as much as a 20% interest in the event of a favorable
judgment in litigation, and US$6 million for SCO's OEM agreement
with Me, a mobile applications vendor.
[/quote]
People don't simply throw away $36 million. There must be a
reason behind it. It will be interesting to see what transpires.
Yes, it does seem to be far fetched that one would include
purchase of litigation.
--
HPT
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