Let me tell you a tall Texas tale of two cowboys wrestling for glory.
WillJam - a shrewd Chicago businessman known for buying and selling, mixing and matching cyber companies the world over.
AT&T- a telecom known for one of the worst M&A Corp Dev teams in corporate history (buy high, sell low is their motto).
These two cowboys met in the street one spring day. Staring each other down, sizing each other up, intent to win big in the game of thrones - cyber style.
T thinks they’ve found their su---r, a one-man shop, desperate for the biggest catch of his career.
WillJam, looking at T, sees a corporation in free fall, buried in debt and racing to fulfill the outlandish demands of its mad CEO, driven to make his mark before the clock times him out. And he’s got commitments, you see, to his investors, to viciously lay the axe to his global empire, cutting tens of thousands of people a year, and to rip out everything that lacks a port or can’t transmit a byte, to pull the stock out of the gutter.
So these two foes meet, each with their own aims. AT&T hoping to unload 1,100 employees without expensive severance payments, and shed a unit riddled with incompetent leadership and a costly sunset process. WillJam, hoping to add yet another notch on his headboard of companies that have born his name.
For a year they circle each other in the hot sun, sweat dripping, pens itching to sign on the dotted line. They negotiate terms, haggle over definitions (what did you really mean when you said “preferred provider?”) and sometimes laughing at the poor souls outside with their heads and ears pressed to the door, hoping to catch hints of their miserable futures.
But WillJam, he’s got a trick up his sleeve, and an ace in the hole. He’s studied his foe. He knows their weaknesses. He watched and learned their strategies. And so he laid a trap, a way to make his money without the headache of turning around their failed venture. A way to save himself the work and still make a shiny buck. Borrowing from the ghosts of failed mergers past, he’s decided to “T-Mobile” them. A brilliant strategy maneuver he calculates they will never see coming.
Stay tuned for more tales from cyber game of thrones to hear how this sordid tale ends….