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Montreal Gazette: OSC probes Microsoft's investment in Corel

Mar 02, 2001, 13:25 (6 Talkback[s])


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"The Ontario Securities Commission has asked Corel Corp. to provide a written chronology of events that led to arch-rival Microsoft Corp. investing $135 million U.S. in the Canadian software maker, Corel's annual report shows."

"The report, filed late yesterday with the U.S. Securities and Exchange Commission, says the OSC requested the information Jan. 5 as the regulator reviewed trading of Corel shares before the company's Oct. 2, 2000, announcement that Microsoft was making a major investment in Corel."

"The Microsoft deal provided Ottawa-based Corel with a much-needed cash infusion."

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