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SCO Goes Private With $100 Million Backing

Posted by Zonk on from the this-is-just-a-touch-unexpected dept.

AmIAnAi writes "Just when you thought it was all over, the SCO story takes a new twist. SCO has received $100 million financing from Stephen Norris Capital Partners to get them out of Chapter 11 and go private 'The move gives Stephen Norris, whose namesake founder was a co-founder of private equity giant The Carlyle Group, a controlling interest in SCO, which now has a platform to continue its court battle with Novell Inc. over royalties from the Unix server operating system, SCO's main business ... According to a statement from the company, SNCP already has a business plan for SCO that includes pursuing its legal claims.'"

3 of 411 comments (clear)

  1. Where is Anonymous when you need them? by christian.einfeldt · · Score: 0, Offtopic

    SCO makes Scientology look like a glee club. I'm not advocating DDOS, which is certainly illegal and immoral, even against these two cults, but after all of the protests that Anonymous was able to drum up against one cult, why not go for the SCO cult? Like the Scientology cult, the SCO cult supposedly has offices worldwide, making it a challenge worthy of the merry band of pranksters that is Anonymous.

  2. Re:Capital expects returns. by webmaster404 · · Score: 1, Offtopic

    Why do you think you need anti-trust laws but because growing monopolies is a known ill-effect of capitalism in action?

    But do you think that the US is capitalist? I tend to disagree because of the numerous laws that prevent competition such as the DMCA, Software Patents, seemingly forever copyrights and judges that rule unfairly on the side of the *AA. Honestly, the US is a bad mixture of Capitalism, Socialism with a dash of Communism and it all blends together for a really really bad economy. If the US was fully capitalist we wouldn't have or at least limited A) Software Patents B) Overly-Protected copyrights C) Minimum Wage D) Federally regulated interest E) EPA F) Less FCC regulations unless those go away the US by definition is not fully capitalist, I don't even think there is a country that is but to say that the US is capitalist and therefore Capitalism == the USA's economy is wrong.
    --
    There is no "disagree" moderation, and troll, flamebait and overrated are not valid substitutes
  3. Re:Capital expects returns. by khallow · · Score: 1, Offtopic

    The US fulfills the key requirement of capitalism. Namely that private people and groups can own capital. Free markets aren't necessary.