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?


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Post ID: @OP+10k6gY2s

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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.

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.

Post ID: @kgn+10k6gY2s

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