Much Ado about SCO

“Much has already been made of a recent investment proposal
filed by private equity firm Stephen Norris Capital Partners with
the court overseeing the dwindling assets of the now bankrupt SCO
Group. The story possesses all the ingredients of a sensational
story: a high profile court case, an unnamed Middle Eastern
investor, and a headline-grabbing $100 million dollar numbers.

“Let me cut to the chase: this story is likely to be far less
sinister than it seems. This is a proposal for an investment that
still needs to be cleared by the bankruptcy court and found to be
in the best interests of all of the interests before the
court–creditors (including parties to litigation), equity holders,
and others. SCO’s management can no longer accept such proposals on
it’s own…”

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