ITPro 15/02/2008:

Merely weeks after warning its shareholders that it's Unix litigation against Novell and other vendors may leave them with nothing, SCO late yesterday revealed it had received a potential $100-million (£50.8-million), private equity bailout offer..[from Stephen Norris & Company Capital - SNCP]

Groklaw 15/02/2008:

It's a takeover, whereby they give SCO $5 million, and as for the rest of the money, the more SCO borrows from the $95 million, the more control SNCP gets, with indemnification for the directors "to the maximum extent permitted by law," and the company must "purchase 'tail' directors and officers insurance coverage to protect against claims arising prior to the effective date of the Proposed Plan of Reorganization". Suitably insured, assuming they can find an insurance company stupid enough to take on these liabilities, the company will go private and then give its full and aggressive attention to raping and pillaging the FOSS community some more with SCO's bogo lawsuits against Linux.

Perhaps SCO's continued legal battle isn't about proving the validity of their argument but about keeping their case in the public eye?

Whoever's backing SCO probably thinks $100m is good value if it keeps intellectual property FUD out there about FOSS and continues to raise doubts about its suitability for enterprise deployment.