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Updated:02/14, 3:45pm, EST
macnn: tag: SCO
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SCO revives with $100 million investment

February 14 - 3:45pm EST   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. [full story]
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