4 ms·
Masimo's CEO and board have to approve the purchase, but it appears that Masimo isn't interested in being bought.
by sxg 2y ago
Masimo's CEO and board have to approve the purchase, but it appears that Masimo isn't interested in being bought.
- MBCook 2y agoThe CEO wasn’t. Rumors were he was single-handedly refusing to listen to any offer, which is why (supposedly) he was pushed out recently. Somewhat surprising a deal wasn’t made after that. Perhaps Apple though this would strengthen their bargaining position and was waiting to see how this would go.
- dagmx 2y agoThe CEO has resigned as of a month ago (or forced out rather) The primary investors seem quite upset with his handling of this. Rumours are that he was hostile to a buyout but in his lawsuit has also invalidated a lot of their own patents. So it’s a pyrrhic victory at best for him. I assume the new CEO will be expected to look to play better and reduce the damage.