Sign up for our newsletter - Navigating the horizon of business technology​
Technology / AI and automation

UNIX SYSTEM LABORATORIES SALE

All of the money raised from the sale of about 20% of Unix System Laboratories Inc, put at some $66m, was treated as new money for the Unix software development company: observers had assumed that it would wind up in the coffers of AT&T Co; AT&T must have sold around 20.4% of Unix Labs and AT&T Data Systems Group president Bob Kavner said the holdings of the 11 companies that bought in represent an even split between the US and European firms on the one hand and the Pacific Rim concerns on the other; although not all the new investors were willing to disclose how much they took, we know the Pacific Rim shareholders total 10.2% so it will have been around 20.4%, short of the 30% AT&T was originally looking to sell; the 20.4% would have fetched $66.3m.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.