Comment on Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
assembly@lemmy.world 5 months agoProbably going to be what happened to Toys R Us where the company currently has value but private equity will pull out cash and anything not bolted down and load up what remains with extreme amounts of debt before abandoning what remains. The skeleton of a company that remains will be viewed as unviable as it will have large amounts of debt and no cash once the vultures have stripped everything off.