Quote:
Originally Posted by rcentros
Not just for political purposes. Many of them have a history of buying established companies, using the company's established credit to take out incredibly high loans, then (when the company can't maintain the loan and the costs of staying in the business) they break them up and sell the pieces, while sucking the marrow out of their bones. Vultures. And guess happens to the employees? KKR, along with Bain Capital and another vulture company (I don't have the name in front of me) where responsible for Toys-R-US.
That said, it looks like KKR in recent years is more interested in actually running companies instead of chewing them up and spitting out the pieces. They've recently invested in or bought Epic Games, Corel, RBDigital and now Overdrive (and other software and media companies). But you've got to believe that either RBDigital or Overdrive will be folded into one or the other. End result is that there will be less choice or, at least, less competition.
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And some readers murder people. It doesn't follow that all readers are bad. Sigh.
Companies are bought and sold for many, many reasons. Sometimes the only thing one can do with a failing company is close it and sell off the assets. If Overdrive is successful, odds are that is not going to be it's fate.