ITBusiness.ca: Linux Users Incensed Over Royal Bank SCO Investment | Linux Today

ITBusiness.ca: Linux Users Incensed Over Royal Bank SCO Investment

Written By
Web Webster
Web Webster
Oct 22, 2003

[ Thanks to E J for
this link. ]

“Canada’s open source community is outraged over a decision by
the Royal Bank of Canada to contribute towards a US$50-million
investment in SCO Group.

“BayStar Capital, based in San Francisco, said last Friday it
has closed a private placement of non-voting Series A Convertible
Preferred Shares in SCO, with a large portion of the funds coming
from RBC Capital Markets. SCO said it would use the money towards
the development of software and to help pay its legal and licensing
costs…”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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