1193
you are viewing a single comment's thread
view the rest of the comments
[-] narnach@feddit.nl 21 points 1 year ago

Wait, that sounds like a leveraged buyout. I overlooked that detail in the news. It changes everything.

I know that some investment firms use leveraged buyouts to drain every bit of money from a company before they chop it up, sell the good bits and let the rest go bankrupt due to the massive debts left in the carcass of the old company. It's so scummy I wonder why it's not illegal.

[-] TWeaK@lemm.ee 12 points 1 year ago

It is a leveraged buyout, yes.

this post was submitted on 26 Jul 2023
1193 points (90.2% liked)

Technology

60047 readers
1495 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS