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I hope they sell off some more distracting/minor parts of the business, and then work with a fund to take the company private. Similar to Yahoo a number of yea
by crowcroft 2y ago
I hope they sell off some more distracting/minor parts of the business, and then work with a fund to take the company private.
Similar to Yahoo a number of years ago, there's some real business still there, they just need to remove the expectation of constant quarterly calls and expectations and make long term, consistent investments again.
- bgnn 2y agooh this board would not do that. they just want to cannibalize intel.
- evanelias 2y agoYahoo's acquisition by Verizon was a tire-fire train wreck of epic proportions. In no universe is this something to emulate. There's a good reason every single Verizon exec involved in that deal was gone relatively shortly after this disaster. They basically incinerated $5 billion in the process of buying Yahoo, merging it with AOL to form "Oath", doing many rounds of layoffs with extremely overgenerous severance packages, strip-mining the business units in ill-conceived deals (often in exchange for stock in absurd companies like MoviePass and Buzzfeed), and then eventually dumping the remainder on a PE firm at a huge loss. Or, as Wikipedia succinctly summarizes these events, "the integration did not deliver the expected value".