assembly@lemmy.worldtoTechnology@lemmy.world•Squarespace to Go Private in $6.9B All-Cash Transaction with PermiraEnglish
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7 months agoProbably going to be what happened to Toys R Us where the company currently has value but private equity will pull out cash and anything not bolted down and load up what remains with extreme amounts of debt before abandoning what remains. The skeleton of a company that remains will be viewed as unviable as it will have large amounts of debt and no cash once the vultures have stripped everything off.
Good thing he doesn’t lead a low lying coastal state that would be heavily impacted by climate change and rising sea levels or this would be super awkward.