The flap over Microsoft and gay civil rights seems like ancient history.
Today, Bill Gates is part of a group investing in PlanetOut, a San Francisco company that publishes magazines and runs Web sites such as Gay.com and PlanetOut.com, the “leading gay, lesbian, bisexual and transgender online community.”
PlanetOut just notified the SEC that it’s selling $26.2 million worth of stock to five investment groups, including Cascade Investment, Bill Gates’ personal investment company in Kirkland. Other investors entering the “definitive purchase agreement in connection with a private placement of common stock” are Special Situations Funds, SF Capital Partners, PAR Investment Partners LP and Allen & Company LLC.
Bill came across as a voice of reason during the 2005 brouhaha.