Linked by Thom Holwerda on Thu 14th Feb 2008 21:06 UTC
SCO, Caldera, Unixware Having almost disappeared completely late last year, SCO says it has been resuscitated by a new financing plan. Under the terms of the deal, Stephen Norris Capital Partners and "its partners from the Middle East" will supply up to $100 million, enabling SCO to reorganize and launch a new series of products. SNCP will gain a controlling interest in the company, and take it private, allowing it to slip out of Chapter 11 bankruptcy protection. Update: As part of the reorganisation, Darl McBride will be let go. Buried in the proposed MOU (Memorandum of Understanding) between Unix vendor and Linux litigator SCO and SNCP is the note that "upon the effective date of the Proposed Plan of Reorganization, the existing CEO of the Company, Darl McBride, will resign immediately."
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Snippets from Groklaw
by pepa on Thu 14th Feb 2008 23:41 UTC
pepa
Member since:
2005-07-08

Mr. Norris acted as a principal financial advisor to Prince Al-Waleed bin Talal Al Saud of Kingdom Holding Company, in structuring and negotiating the re-capitalization of Citibank, which returned over $15 billion in profits on about $590 million of equity invested.

"Gates and Alwaleed have collaborated for at least two years. After attending a dinner at Gates's home in Bellevue, Washington, in early 2004, Alwaleed agreed to explore ways to assist Microsoft's expansion in Saudi Arabia." This investment is all part of Microsoft's ongoing battle of disruption against Linux.

This investment is probably not going to be directly and obviously profitable, but it might buy SCO more time for FUD.

Reply Score: 6

RE: Snippets from Groklaw
by google_ninja on Fri 15th Feb 2008 04:10 in reply to "Snippets from Groklaw"
google_ninja Member since:
2006-02-05

ZOMG BLACK HELICOPTERS!!!1

Reply Parent Score: 2

RE[2]: Snippets from Groklaw
by pepa on Fri 15th Feb 2008 09:00 in reply to "RE: Snippets from Groklaw"
pepa Member since:
2005-07-08

OK, it might not even prolong the FUD much. To up the ante on the Black Helicopters: it might be an attempt to cover up some nasty links that SCO has with 'certain parties'..!

Or do you have a reasonable explanation why this offer has come??

Reply Parent Score: 2