Mandriva Linux Maker Could Face Bankruptcy in 10 Days
Posted on: 01/07/2012 01:19 PM

A conflict among Mandriva shareholders is reportedly preventing a much-needed infusion of capital.

Mandriva Linux Maker Could Face Bankruptcy in 10 Days


From PCWorld:
Recently, however, the software's French publisher revealed that several efforts to increase the company's capital had been rejected by a key shareholder, with the result that it will likely declare bankruptcy on Jan. 16.

'I Will Declare Bankruptcy'

“I regret to inform you that none of the recapitalization schemes that were proposed at the meeting of shareholders on December 5 was accepted,” wrote Mandriva CEO Dominic Loucougain in a letter to shareholders dated Dec. 23, 2011, and published on the Mandriva Forum on Friday.



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