4 ms·
So company A gambled that they can turn around company B in 12 months or go bankrupt? Sounds like whoever decided to buy didn't do their due diligence.
by Kinrany 4y ago
So company A gambled that they can turn around company B in 12 months or go bankrupt? Sounds like whoever decided to buy didn't do their due diligence.
- midnightclubbed 4y agoNot necessarily bankrupt but at a point where they’d have to cut their losses by losing staff. But company B was going to be fully bankrupt before 6 months without company A stepping in. Companies make these decisions all the time, particularly in industries whose products are hit driven and then tail off.