Microsoft offered to underwrite SCO funding, says Baystar
According to a declaration by Larry Goldfarb, managing general partner at former SCO investor BayStar Capital, a Microsoft employee promised to guarantee the investment firm's 2003 funding of Linden, Utah-based SCO.
"Mr Emerson and I discussed a variety of investment structures wherein Microsoft would 'backstop' or guarantee in some way, BayStar's investment," declared Goldfarb, according to IBM's memorandum to support its motion for summary judgment on SCO's claims that IBM interfered with its business.
Read the complete story here. (CBR)