According to a blog post by Mandriva CEO Jean-Manuel Croset, Mandriva's shareholders have approved the company's recapitalisation. Croset's post contains little information on the future of the company or the Linux distribution it develops, but it does appear that bankruptcy of the financial entity has been averted for now.

In a discussion in the comments on the post, it was revealed that the assembly was to be asked to decide if responsibility for the development of the Linux distribution should be handed over to the community. However, Per Øyvind Karlsen, a Mandriva contributer, says that while the decision wasn't made at the assembly, the company "remains committed to do so" and is still working on achieving this shift in the distribution's governance with the "main shareholder".

While Mandriva is in the process of deciding its future, several forks of the project seem to be gathering steam. The community distribution Mageia has been gearing up for its second release and seems to have increasing developer support behind its efforts. The Russian company ROSA Laboratory, mostly known for its ROSA media player, is also working on a fork of Mandriva and has taken several ex-Mandriva developers on board.

Update 02-04-12: In another blog post, Croset has said the company will explain its plans for the Mandriva community in two weeks' time. He did not expand on what the company's plans are, apart from saying that it would be moving to "the elementary rule of revenue covering costs".

See also:

Mandriva Powerpack 2011 released, a report from The H.



Mandriva 2011 arrives with Systemd, a report from The H.

(fab)