The France-based Mandriva SA has took the decision of transferring the Mandriva Linux distribution to an independent entity that can plan the future of this once fledging distribution without the Mandriva company. Mandriva SA still plans to participate in the Mandriva Linux distribution process, but basically ensuring it can exist on its own.
Mandriva SA has been in a tough financial position for a while now and it doesn't look like things are getting any brighter for the company. The announcement of Mandriva becoming a community distribution was made on the Mandriva blog.
This move though comes perhaps a bit too late with many Mandriva developers having already parted ways and formed the Mageia Linux distribution.