SCO Group Receives $50 Mil Shot in Arm
Oct 17, 2003, 13:00 (29 Talkback[s])
(Other stories by Iain Ferguson, Stephen Shankland)
Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers
AP/USA Today: SCO Group Gets $50 Million Investment
[ Thanks to blaine for this link. ]
"The SCO Group on Thursday said it has received a $50 million
private investment led by BayStar Capital.
"The investment was structured as a private placement of
non-voting preferred shares, convertible into common equity at a
fixed conversion price of $16.93 per share.
"Upon conversion, the investors will own about 2.9 million
shares of SCO common stock, representing 17.5% of the company's
ZDNet Australia: $50m Injection Means We're Staying: SCO AU
"The SCO Group's regional head has lauded a new US$50 million
capital injection as reinforcing the fact the controversial company
won't go away, but dismissed remarks from US headquarters
indicating early licence prices for Australian and New Zealand
Linux users had been determined.
"Kieran O'Shaughnessy lauded a US$50 million investment in the
SCO Group by BayStar Capital as 'refuting the idea that SCO is a
dying company' with its Linux intellectual property actions its
'last gasp efforts...'"