SCO Group auctions UNIX division
The SCO Group has stated in an ad hoc press release that it will be selling its UNIX division to the highest bidder. SCO's UNIX unit handles sales and the development of UnixWare and OpenServer, alongside support for these products. Interested parties have until October 5 to submit a bid.
SCO describes the spin off of its UNIX division as an attempt to keep customer trust in the development of UNIX technologies. At the same time, the revenue is to ensure the survival of the SCO Group, which filed for Chapter 11 bankruptcy in accordance with US law. As chief financial officer Ken Nielsen explains in the press release, "This asset sale is an important step forward in ensuring business continuity for our customers around the world".
The sale of the UNIX division is an attempt to gain funding for the SCO Group.