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SCO Investor Changing the Deal

Posted by timothy on from the money-is-linked-to-control dept.

Kurt Wall writes "According to this story, recent SCO investor Royal Bank of Canada appears to be changing its tune. RBC, along with BayStar Capital, invested $50 million in SCO, but now has changed the deal to give it veto power over the payment of the 20% contingency fees SCO's IP lawyers will get. As to the wisdom of the investment itself, an RBC spokesman would only say that the 'investment in SCO is passive, made to hedge an economic exposure resulting from client transactions.' Such as the SCO case collapsing, perhaps?"

1 of 392 comments (clear)

  1. Help! by Bytesmiths · · Score: 0, Offtopic

    My signature doesn't work! How am I ever going to get a /. rating without a clever sig?

    --
    : What Constitution?