dcsimg
Linux Today: Linux News On Internet Time.




More on LinuxToday


NewsForge: How Microsoft Initiated $50 Million SCO Deal

Mar 12, 2004, 15:00 (3 Talkback[s])
(Other stories by Chris Preimesberger)

WEBINAR:
On-Demand

Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame


"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...'"

Complete Story

Related Stories: