Friday, February 15, 2008

SCO Gets Up to $100 Million Financing - WSJ.com

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.

SCO Gets Up to $100 Million Financing - WSJ.com

Post a Comment