RSS
Now BayStar Will Sue SCO
from the always-fun dept
BayStar, the investment firm that invested in SCO (at Microsoft's behest), then wanted out, but later publicly made up with SCO's management, has apparently changed its mind again. Whatever that "we're happy with SCO now" statement was recently, it wasn't very strong, apparently. BayStar is now suing SCO, suggesting they've been misinformed by SCO (gee, what a surprise) concerning SCO's "licensing opportunities." It will be interesting to see how this turns out, but in this case, BayStar probably has no one to blame but itself for not doing the necessary (and at the time they invested, not particularly difficult) due diligence on what they were investing in.
If you liked this post, you may also be interested in...
- New Study From Booz & Co. Shows That SOPA/PROTECT IP Will Chill Investment In Innovation
- Send In The Clones: Startup Raises $90 Million To Copy Other Startup
- DailyDirt: Expensive Things To Buy...
- Are Silicon Valley Angel Investors Colluding Over Deals?
- Don't Read Too Much Into The Claims That Intellectual Ventures Returns Are Negative
Add Your Comment