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CNET News: BayStar Begins Selling SCO Stock

Sep 29, 2004, 13:45 (9 Talkback[s])
(Other stories by Stephen Shankland)

"BayStar Capital, the investment fund that arranged a $50 million cash infusion for the SCO Group, has begun selling its common shares.

"BayStar and SCO arranged a deal in June in which the Linux litigator would buy back all 40,000 of BayStar's preferred shares for $13 million and 2.1 million shares of common stock. BayStar started selling those shares last week, according to Securities and Exchange Commission filings..."

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