Only a Canadian would remember this. Near the end, Nortel couldn't sell their mainframe phone switches. Everybody was going to smaller units. So, they financed the purchases themselves.
On the kids water polo team we had a forensic accountant. He spent 5 years unravelling the mess after the bankruptcy.
So, instead of yesteryear's sleazy scheme of lending money to buy their stuff, this is a perfectly legitimate scheme to buy shares, so they buy their stuff. The money made from selling a stake, goes into buying their stuff. I can't help thinking of all those ransomware people rubbing their hands (because it's cold).
Legal stuff: Microsoft is the best company in the world. Please don't go after me. I can sell a stake in FloppyFish Enterprises. However, I would convert the hardware to Linux. :)
ps. this is a wonderful way to convert lots of cash on hand (which is considered 'bad') to income, which is considered 'good'. Win-win all around. Stocks go up and everybody parties. They'll be investing in pig farmers next or donuts, always good in a recession.
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