NewsForge: How Microsoft Initiated $50 Million SCO Deal
Mar 12, 2004, 15:00 (3 Talkback[s])
(Other stories by Chris Preimesberger)
"Although it has been called the 'BayStar deal' through most of
this investigation, it has not been widely reported that BayStar
wasn't the only money-handler in the SCO transaction. In fact,
BayStar didn't even handle most of the $50 million. BayStar
delivered 40 percent of the $50 million ($20 million). Royal Bank
of Canada delivered the other $30 million to Lindon. RBC also had a
stock position in SCO at one time, and may still have a
position.
"When asked Thursday if Microsoft or any of its divisions had
any input into the Royal Bank of Canada portion of the PIPE deal,
Microsoft spokesman Martin told NewsForge that 'Microsoft had no
involvement in that matter...'"
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