Re:Bundeskartellamt imposes fine against Fritz brand product...
by riedel on Wednesday July 03, 2024 @04:22PM
(#40869623)
The founders bought back their shares to regain control only in 2006.
Now they want to retire and seem to evaluate options [1]. Guess it is far to early to judge what they will do. They seem to care about the company. Recently AVM settled their wifi patent dispute with Huawei [2], so maybe the sale becomes more likely? But I try to be optimistic that we will not have another Software AG like disaster (on a smaller scale) [3] .
[1] https://www.heise.de/news/AVM-Fritzbox-Hersteller-steht-ange...
[2] https://www.juve-patent.com/cases/huawei-and-avm-settle-wifi...
[3] https://technologymagazine.com/articles/ibm-closes-software-...
AVM is way past "home-grown" with sales of over 620 millions and a profit of 60-80 millions. The owners have been preparing to selling AVM for a year now, to a private equity investor, which should be closed in the very near future.
And above all, AVM broke the law. But from your comment it sounds like law is a concept you do not approve much, do you?