When the word “equity” follows the word “private” in a sentence, the results tend to be bad for consumers and employees alike. Two struggling businesses do not make a successful one. It’s a recipe to extract the maximum remaining value before satellite goes bust.
“[Private equity will own] the combined assets of two fading satellite video companies that the press release says have lost ‘63 percent of their satellite customers since 2016.’”
#tech #technology #technews
https://www.theverge.com/2024/9/30/24258196/directv-dish-merger-tpg-deal-announcement
Bret Carmichael /
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2024-09-30 16:52:45
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2024-09-30 16:52:45Event JSON
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