BayStar Capital has confirmed that Microsoft Corp. acted as the matchmaker for the $50 million investment into the SCO Group last October.
Microsoft has denied for months that it had any role in that investment, but a BayStar official on Thursday confirmed to eWEEK that Microsoft had indeed acted as matchmaker for the deal.
BayStar, which is based in Larkspur, Calif., and has investments in other hardware and software companies including Neoware Inc., Roxio Inc., Commerce One Inc. and Neoware Inc., structured its $50 million investment in SCO as a private placement of non-voting Series A Convertible Preferred Shares.
Read the full story at eWeek.
