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I just don't think Japanese companies have a process on dealing with foreign M&As and fraud mitigation. When Hitachi acquired the spanish manufacturing company
by thrillgore 10y ago
I just don't think Japanese companies have a process on dealing with foreign M&As and fraud mitigation. When Hitachi acquired the spanish manufacturing company AnsaldoBreda, there were similar fraud accusations.
- jessaustin 10y agoSony's acquisition of Columbia/TriStar hasn't gone particularly well either...
- thrillgore 10y agoI don't know if that's fraud as much as they just aren't using that business right. Sony is weird, having an entertainment division they keep writing off when their only profitable consumer products division is PlayStation.
- jessaustin 10y agoIt may not have been fraud fraud, but they paid $4.8B and wrote off $2.7B of that within five years. Somebody didn't know exactly what he was buying...
- genkaos 10y ago"...When Hitachi acquired the italian manufacturing company AnsaldoBreda..."