3 ms·
I have no doubts in the entrepreneurial abilities from Japan but one questions if maybe, there's a limit to it seeing that so many past American acquisitions by
by curiousjorge 11y ago
I have no doubts in the entrepreneurial abilities from Japan but one questions if maybe, there's a limit to it seeing that so many past American acquisitions by Japanese buyers have been nothing short of horrible. Recall that Masayoshi bought Sprint and it's now less than half what he original paid for which was close to 30 billion as I remember. More recently the acquistion of Financial Times by Nikkei for over a billion dollars (during times of declining subscription and falling ad revenues, washington post was 5 bought for times less to Bezos). There are so many other poor acquisition strategies coming out of Japan, I can't help but question if there's some inherent flaw to Japanese thinking at least when it comes to market stategies. They almost certainly pay a huge premium for no good reason, and are unable to spruce it up, either due to incompatible culture or god knows what. California Golf, Docomo, Lehman Brothers in 2008 by Nomura Securities (which have wiped out it's own shares), there's quite a list of acquisitions that have proven to be disastrous for these Japanese firms.