News for hackers. Stuff that matters.

A comment on Squarespace to Go Private in $6.9B All-Cash Transaction with Permira. Parent comment

Re:Squarespace to Go Private in $6.9B All-Cash Transaction w... by lotsofpulp on Monday May 13, 2024 @01:05PM (#40345490)
Just to show that these bets are not without risk, the Sears bet failed bigtime. Lampert lost a ton of money.
[ Parent | on HN ]
Re:Squarespace to Go Private in $6.9B All-Cash Transaction w... by dehrmann on Wednesday May 15, 2024 @12:35PM (#40369154)
People love to vilify PE for destroying companies, but a lot of these companies were dying anyway, and PE was trying a last-ditch, high-risk reorg to save them.
[ Parent | on HN ]