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.










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
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
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
Who is SCO?
02/14, 06:56pm reply
And why do I care?
bsaxton
Fresh-Faced Recruit
Joined: Jan 2000
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
sco
02/15, 10:53am reply
What a bunch of jokers.. "products" = lawsuits.
zaghahzag
Dedicated MacNNer
Joined: Aug 2006