SCO Investor Changing the Deal

Posted by timothy on Wednesday December 10, 2003 @06:50AM 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?"

2 of 392 comments (clear)

Min score:

Reason:

Sort:

gay by Anonymous Coward · 2003-12-10 06:51 · Score: -1, Troll

attack of the homofags
RBC is just as evil as SCO by Anonymous Coward · 2003-12-10 07:24 · Score: -1, Troll

Trust me I used to bank with them until they started charging exorbident banking fees. RBC and SCO deserve each other.