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This smacks of a firm being raided by private equity funds. Leverage, debt use it to do a stock divident to the owners (Private Equity firms), launch an IPO, us
by gerbal 12y ago
This smacks of a firm being raided by private equity funds. Leverage, debt use it to do a stock divident to the owners (Private Equity firms), launch an IPO, use the IPO funds to finance more debt, keep the company above water long enough to walk away.
Also the current CEO is a former Yahoo! exec, not exactly confidence inspiring.