One scheme proposed a capital increase of â‚¬4 million reserved for two main shareholders, Town Area and LinLux, and reduction of capital of â‚¬6.3 million carried by the two.
In the event of either of these shareholders not being agreeable, the capital increase of â‚¬4 million was to be reserved only for shareholders who had subscribed to the capital increase and the reduction of capital of 6.3 million would have to be supported by the two main shareholders.
If the company shuts shop, the distribution, which is developed mainly by Rosa Labs and the Brazilian company, Conectiva, which was acquired by Mandriva six years ago, may continue to be released.
But for users there is a fallback - in September 2010, some developers forked the Mandriva distribution, with the new distro being known as Mageia.
Mandriva began life in the late 90s as Mandrake Linux. With Red Hat Linux as its base but the KDE desktop environment instead of GNOME, it was at times known as "Red Hat with KDE"
A change of name was effected in 2005 after it lost filed by Hearst Corporation which had the rights to the name Mandrake. From MandrakeSoft it became Mandriva, coinciding with the acquisition of Conectiva, another GNU/Linux company based in Brazil.
Mandriva (then known as Mandrake) filed for bankruptcy in 2003 and emerged from that state the next year. In 2008, the company was badly affected by the global financial crisis and had to jettison all its external contributors.