Insolvent SCO Scraps Its Reorganization Plan | Linux Today
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Insolvent SCO Scraps Its Reorganization Plan

Written By
Web Webster
Web Webster
Apr 3, 2008

“SCO Group Inc., the Utah County-based bankrupt software
developer that claims to own copyrights to the Unix operating
system, has scrapped a $100 million reorganization plan after its
financial sponsor asked for a new deal.

“Instead of buying $5 million in new SCO stock and loaning the
company $95 million, Stephen Norris & Co. Capital Partners LP
is negotiating a purchase of the assets, SCO attorney Arthur
Spector said at a court hearing Wednesday in Wilmington,
Del…”

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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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