Mandriva, the Linux distro and the company behind this distro are both up for sale as confirmed by one of the potential buyers. Mandriva is a French company with a Linux distro by the same name. This announcement was made on the French Mandriva portal.
Mandriva is a merger of the Mandrake and the Conectiva distro. Though, it seems like the company is in heavy losses and cannot hold up anymore. Mandriva is also well know for filing a bankruptcy protection earlier. This time though, it is simply giving up for good.
Mandriva is said to have decided on this a month ago and is looking for potential buyers ever since. A potential buyer includes Linagora, which is a French open-source company. Lingaroa has also confirmed that it is going to acquire Mandriva and they have already started moving Mandriva assets.
Mandriva has been a very popular Linux distro and has gathered a strong following. Once this acquisition completes, Linagora should assure Mandriva users with a continued support and development.