<A HREF="http://www.techworld.com/news/index.cfm?RSS&NewsID=11442">A private equity company has riden to SCO's rescue</A> five months after the beleaguered company applied for Chapter 11 bankruptcy protection. Stephen Norris & Co and unnamed partners in the Middle East have agreed to invest up to US$100 million in cash to finance a reorganisation plan.

Under the deal, which must be approved by the US Bankruptcy Court judge in Delaware who is reviewing the company's bankruptcy filing, SNCP would gain a controlling interest in the company and take it private.