Public details are still a bit sketchy, but if the various forum posts are accurate, Mandriva will most likely shut their doors on January 16. Mandriva has had a long history of financial problems and this latest one could be the one to take Mandriva out. But then again, Mandriva always seems to pull one out of the hat at the last minute. After all, all they need is a whole lot of money.
On the Mandriva Forum, Raphaël Jadot, a long-time contributor, wrote, "everything was fine, but there is a big problem: a minor shareholder (Linlux) refuses the capital injection required for Mandriva to continue, even though the Russian investor had offered to bear it alone. Except turnaround Mandriva should cease activity Jan. 16." No further details were made available there. But as news crept around the various forums more did emerge.
rest here