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SCO revives with $100 million investment

updated 03:45 pm EST, Thu February 14, 2008

SCO receives $100 million

Having almost disappeared completely late last year, SCO says it has been resuscitated by a new financing plan. Under the terms of the deal, Stephen Norris Capital Partners and "its partners from the Middle East" will supply up to $100 million, enabling SCO to reorganize and launch a new series of products. SNCP will gain a controlling interest in the company, and take it private, allowing it to slip out of Chapter 11 bankruptcy protection.

SCO first gained infamy by suing IBM and Novell, accusing the two of inserting its Unix code into versions of Linux. SCO suggested, in fact, that it was owed licensing fees by some companies merely using Linux, such as DaimlerChrysler. Observers argued that SCO's real intent was to compensate for its failing business model; in the end SCO not only lost its cases, but saw some Unix copyrights solidified under Novell. The costs of its legal venture led it to declare bankruptcy last September.

 
Previous Comments

well, that's a fine

02/14, 04:11pm reply

investment. Not with MY money, but sure...

Flying Meat

Fresh-Faced Recruit

Joined: Jan 2007

0

back to the lawsuits

02/14, 05:50pm reply

What are they going to sue open source for now - that was their entire business model? No one in their right mind would buy any products from them.

bhuot

Fresh-Faced Recruit

Joined: Nov 2003

0

huh?

02/14, 06:04pm reply

Who's foolish enough to invest in .... oh, wait "partners from the middle east".

Figures...

"You want some good softwares, my friend...?"

ZinkDifferent

Fresh-Faced Recruit

Joined: Jan 2005

0

Who is SCO?

02/14, 06:56pm reply

And why do I care?

bsaxton

Fresh-Faced Recruit

Joined: Jan 2000

0

again MacNN?

02/15, 10:03am reply

Wht the f*** is this on your Mac News Site?

How does this have any damned thing to do with the Mac or Apple ?

UberFu

Fresh-Faced Recruit

Joined: Oct 2002

0

sco

02/15, 10:53am reply

What a bunch of jokers.. "products" = lawsuits.

zaghahzag

Dedicated MacNNer

Joined: Aug 2006

0

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