Thread regarding FTD layoffs

Same buyer?

It looks like the same buyer is buying FTD but the price has raised from 95 mil to 118. Anyone able to confirm it?

Source: https://www.wsj.com/articles/gateway-mercury-to-buy-flower-delivery-firm-ftd-out-of-bankruptcy-11564623909

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Post ID: @OP+10k6gY2s

2 replies (most recent on top)

One wonders how much of that $158M will go into the pockets of those that ran the company into the ground? Pretty sure everyone knows who those were.

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Post ID: @oaw+10k6gY2s

It is. They are part of Nexus Capital. Looks like their initial low bid kicked of a bidding war, but they ended up winning in the end with their increased offer.

Also, seems that 800 & one other buyer bought other portions of the business. So they increased their offer for less of the overall company.

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Post ID: @kgn+10k6gY2s

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