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Groklaw: Yeah, That's the Ticket. It's a Contingency Arrangement

Dec 10, 2003, 17:30 (9 Talkback[s])
(Other stories by Pamela Jones)

"The Globe and Mail's Jack Kapica explains the new 8K exhibits in an article entitled 'RBC Rethinks SCO Deal.' Of course, he is writing for a Canadian audience, so his focus is on RBC, but it's a very clear explanation of the deal:

"'The Royal Bank of Canada is changing the terms of its investment in SCO Group, which claims copyright ownership over parts of the Linux operating system.

"'RBC, which along with investors at U.S-based BayStar Capital Partners pumped $50-million (U.S.) into the company in October, wants to distance itself from any sale of SCO that would result in a 20-per-cent contingency payment to the company's lawyers...'"

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