Ch. 11 Trustee OKs UnXis Bid For SCO Group's Assets

Law360, New York (January 26, 2011, 3:34 PM EST) -- The Chapter 11 trustee for SCO Group Inc. has chosen UnXis Inc. as the successful bidder for SCO's Unix software business, in a deal that would give SCO $600,000 plus warrants to purchase 3 percent of UnXis's common stock.

Chapter 11 trustee Edward N. Cahn notified the U.S. Bankruptcy Court for the District of Delaware on Monday that it had selected UnXis as the successful bidder for the assets, in a deal that would require the buyer to raise $4 million in equity financing before SCO...
To view the full article, register now.