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It's interesting to view acquisitions of software companies by firms like KKR. They're after all the guys who bought RJR Nabisco [1] My money is on them ruthles
by vmurthy 7y ago
It's interesting to view acquisitions of software companies by firms like KKR. They're after all the guys who bought RJR Nabisco [1]
My money is on them ruthlessly cutting costs, laying off engineers and basically milking the cow for all its worth. It's kind of sad from an innovation point of view but clearly the management at Corel saw value in the deal.
[1]https://en.wikipedia.org/wiki/RJR_Nabisco#After_the_KKR_buyout https://en.wikipedia.org/wiki/RJR_Nabisco#After_the_KKR_buyo...
- rtpg 7y ago> It's kind of sad from an innovation point of view but clearly the management at Corel saw value in the deal. Of course they did, leveraged buyouts usually include huge payouts for those signing off on the deal.