It hasn’t been a fun few years for once-respected tech news outfit CNET. After being purchased by private equity backed marketing firm Red Ventures in 2020, the company has been in a downward…
A private equity firms purchase usually means they’ll strip the company and its customers/users of as much value as possible, then sell whatever scraps (brand) is left over.
My guess: turn failing big companies into failing little ones.
Strip them for parts (which is to say extract all the value in the form of golden parachutes)
A private equity firms purchase usually means they’ll strip the company and its customers/users of as much value as possible, then sell whatever scraps (brand) is left over.