Not happy news for Novell
SCO Group Inc. said private equity firm Stephen Norris Capital Partners and partners in the Middle East will provide up to $100 million to finance SCO's efforts to go private and get out of bankruptcy.
The move gives Stephen Norris, whose namesake founder was a co-founder of private equity giant The Carlyle Group, a controlling interest in SCO, which now has a platform to continue its court battle with Novell Inc. over royalties from the Unix server operating system, SCO's main business.
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