SCO and Baystar Strike a Deal

Posted by michael on Tuesday June 1, 2004 @10:47AM from the know-when-to-fold-em dept.

comforteagle writes "As you'll no doubt recall, SCO financier wanted to cash-in on its stock because of how SCO was being run. It appears they've struck a deal. 'The SCO Group, Inc. today announced it has entered into an agreement with BayStar Capital II LP to repurchase and retire all 40,000 shares of Series A-1 Convertible Preferred Stock currently held by BayStar.'" Summary: Baystar and the Royal Bank of Canada invested $50 million in SCO in October 2003. In 6 1/2 months, they've now converted their investment to $13 million in cash and $13.7 million of common stock, for a loss of almost half their investment.

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Mirror , just in case by mirror_dude · 2004-06-01 11:25 · Score: -1, Redundant

Just in case the server crashes and burns (like they usually do),I have put up a mirror.
The mirror of http://biz.yahoo.com/prnews/040601/latu088_1.html is at http://mirrorit.demonmoo.com/r_8/biz.yahoo.com/prn ews/040601/latu088_1.html

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Note to Mods: When I post mirrors, it's a best guess. I don't know for certain whether or not the site will go down!
pwntz0r by Anonymous Coward · 2004-06-01 13:49 · Score: -1, Redundant

in soviet russia, deal strikes you!