eWeek: Is Microsoft Behind SCO’s $50 Million Cash Infusion?

Written By
Web Webster
Web Webster
Oct 17, 2003

“Hot on the heels of The SCO Group’s announcement that BayStar
Capital has invested $50 million in the company, questions are
being raised about whether Microsoft Corp. may have had a role in
that investment.

“As an investment firm, BayStar leads, creates and participates
in a number of PIPEs (Private Investments in Public Equity). Many
of these deals involve investment money from other companies,
including Microsoft…

“SCO spokesman Blake Stowell told eWEEK on Friday that Microsoft
was not an investor in SCO through this deal. ‘There are only two
investors in this deal: BayStar Capital and the Royal Bank of
Canada,’ he said. ‘I think people will try and come to the
conclusion that Microsoft is somehow involved in this deal, but I
can tell you with great certainty that Microsoft was not involved
with this investment…'”

Complete
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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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