After weeks of concern about the "catastrophic state of it's finances" and an indefinite delay in the release of version 2010.1, the French website LeMagIT is reporting that Mandriva has been saved by new investors. The article quotes Mandriva Director General Arnaud Laprévote: "Today the company found investors who decided to invest in the company, in order to give balance to the organization and to find a good economic model."

Read the full thing at http://broadcast.oreilly.com/2010/06/mandriva-saved-by-new-investor.html

The French article is here: http://www.lemagit.fr/article/linux-mandriva-opensource-investisseurs/6613/1/exclusif-mandriva-sauve-par-des-investisseurs/