The SCO Group has announced that it plans to sell virtually all of its assets in the Unix business line, including UNIX system V software products and related services.
The company announced via press release, that potential buyers were required to submit a bidding offer before business closes on 5 October 2010.
SCO Group has also clarified that the asset sale will be free of the Section 363 of the U.S. Bankruptcy Code.
Company chief financial officer Ken Nielsen said in a statement: “This asset sale is an important step forward in ensuring business continuity for our customers around the world.”
“Our goal is to ensure continued viability for SCO, its customers, employees and the UNIX technology,” he said.
The company had filed for bankruptcy in 2008, but it still continues to sell and service UNIX-based System V products.
SCO had purchased the UNIX business line from software maker Novell in 1995, and was later involved in an ownership battle with Novell over UNIX, which it lost.