SCO Goes Private With $100 Million Backing

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.'"

Comments

Re:Capital expects returns.

[webmaster404]

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.

Re:Capital expects returns.

[khallow]

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