Venture Capital

Venture Capital

by Mike Masnick


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BayStar Wants Out Of SCO

from the jumping-ship dept

BayStar, the company that (most likely at Microsoft's request) coughed up $20 million to fund SCO's legal attacks on all things Linux is now asking to get out of the investment, saying that SCO breached their agreement. SCO, not surprisingly, denies this, meaning that SCO's lawyers now have another legal battle to fight - using their own investors' money to fight those investors trying to get it back.

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  1. Baystar vs. SCO

    by Eskayp - Apr 17th, 2004 @ 1:22pm

    Thanks for the news, Mike.
    Whether it's good or bad depends on your point of view, or where your money is invested, I guess.
    I Can't believe the lack of posts on this issue.
    Maybe it's just too mind numbing.
    SCO has shot themselves in the foot with more bullets than their automatic holds.
    Right when we think we've seen the worst possible screwup, they manage to go one better.
    Management of the lawyers, by the lawyers, and for the lawyers, appears to have shifted to "...by the morons...."

    (reply to this comment) (link to this comment)

  2. No Subject Given

    by NOBODY - Apr 19th, 2004 @ 12:18pm

    If Microsoft was in on the Baystar investment, perhaps they're in on the taking back of funds. I hate to sound like a conspiracy theorist here, but have you noticed how silant the media and the microsoft controlled outlets especially, have been on the subject of SCO?

    (reply to this comment) (link to this comment)

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