BayStar's Common Shares Go On The Market
News BayStar Capital, the investment fund that arranged a $50m cash infusion for the SCO Group, has begun selling its common shares. BayStar and SCO arranged a deal in June in which the Linux litigator would buy back all 40,000 of BayStar's preferred...
[September 29, 2004, 9:25]
SCO And BayStar Still Fighting
News The SCO Group and BayStar Capital, the fund that arranged a crucial $50m (£27m) investment in the Linux litigator, haven't settled their disagreements after all. To pay for the campaign -- including lawsuits against IBM, Novell, DaimlerChrysler and...
[July 26, 2004, 9:10]
SCO Accepts $50m Investment
News SCO Group, the company embroiled in legal action around Linux and Unix, announced a $50m investment by BayStar Capital on Thursday, marking a reversal of plans it discussed in May. With a $50m investment from BayStar, we believe we have secured the...
[October 17, 2003, 9:30]
Open-source Guru Claims Proof Of MS-SCO Link
News The memo suggests that Microsoft had a hand in a $50m (£27m) investment in SCO by venture capital firm BayStar Capital, something previously denied by BayStar. While BayStar has dealt with Microsoft funding in other deals, the SCO investment...
[March 4, 2004, 16:30]
Investor Wants To Pull Out Of SCO
News BayStar Capital is seeking to get back the $20m (£11.05m) it invested in the SCO Group, raising issues for SCO's expensive and controversial legal campaign that argues that Linux infringes its Unix copyrights.
[April 19, 2004, 12:20]
BayStar Wants Management Changes At SCO
News After nearly a week of silence, BayStar Capital said on Wednesday that its move to retrieve a $20m (£11.3m) investment in the SCO Group was part of an effort to induce major changes at the Linux litigator -- including new senior management and a...
[April 22, 2004, 12:45]
BayStar Buys More Of SCO
News The Royal Bank of Canada has sold two-thirds of its investment in the SCO Group to co-investor BayStar Capital, giving the hedge fund more power in its search for major changes at the Unix company. In October, RBC invested $30m (£16.9m), and...
[May 10, 2004, 12:35]
IBM And SCO Gather Reinforcements
News IBM's subpoenas were sent on 30 October to BayStar Capital, Deutsche Bank Group, Renaissance Ventures and The Yankee Group, which have indicated that they have reason to believe SCO's claims are legitimate.
[November 13, 2003, 7:35]
BayStar Settles Differences With SCO
News BayStar Capital, the firm that arranged a $50m (£27m) investment in the SCO Group but then sought to get its money back, has settled its disagreement with a deal to sell its preferred shares to SCO. BayStar currently has preferred shares worth $40m...
[June 2, 2004, 9:00]
Proof Emerges Of SCO's Microsoft Link
News Investment company BayStar Capital has confirmed ties between two Linux foes, saying on Thursday that a Microsoft referral led to $50m (£27.8m) in BayStar funding for the SCO Group. Yes, Microsoft did introduce BayStar to SCO," a BayStar...
[March 12, 2004, 7:25]
Microsoft Email 'misunderstood' - SCO
News BayStar Capital's $50m investment in SCO wasn't due to Microsoft's participation, said Blake Stowell, a spokesman for SCO. Microsoft will have brought in $86m for us including BayStar," stated the email, which was posted by the Open Source...
[March 5, 2004, 7:55]
SCO Lays Off Staff To Boost Balance Sheet
News Stowell said the move wasn't influenced by the urging of one of SCO's major investors, BayStar Capital, which earlier in April said SCO should drop its Unix product business and pay more attention to its legal case against Linux.
[May 5, 2004, 9:05]
SCO Reports Poor Results
News Earlier this month, SCO reached an agreement with BayStar Capital, under which the company would pay $13m in cash and 2.1m in shares to retire all series A-1 convertible preferred stock held by BayStar.
[June 10, 2004, 16:40]
Embattled SCO Picks New Financial Head
News Last week, one of the company's major investors, BayStar Capital, said it would attempt to recover $20m it had invested in SCO. The move is considered a serious threat to the $50m war chest that SCO raised for its fight against Linux, and the...
[April 22, 2004, 9:10]
IBM Demands Details Of SCO Dealings With HP, Microsoft, Sun
News Microsoft provided a second, though indirect, boost in August or September of 2003, when it referred SCO to BayStar Capital, a fund that arranged a $50m investment. The long-running legal battle between IBM and SCO over the claim that Linux...
[February 22, 2006, 12:55]
SCO Puts Limit On Its Legal Payments
News Another bright spot was in August, when SCO closed a contentious transaction with BayStar Capital, which had arranged a $50m investment in 2003. BayStar had balked more than once. The SCO Group, committed to an expensive legal attack against Linux...
[September 1, 2004, 9:25]
SCO Receives Funding To Pursue Linux Litigation
News One fund, BayStar Capital Management, invested $50m in 2003, but unwound the deal in 2004 after much bickering. Private-equity firm Stephen Norris & Co Capital Partners said on Thursday that it and unnamed Middle Eastern partners will fund SCO...
[February 15, 2008, 9:20]
