this post was submitted on 07 Aug 2024
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Dogged By ‘AI’ ClickBait Scandals, CNET (Once Valued At $1.8 Billion) Sold For $100 Million (www.techdirt.com)
submitted 3 months ago by DocMcStuffin@lemmy.world to c/technology@lemmy.world
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[–] DocMcStuffin@lemmy.world 0 points 3 months ago (2 children)

My guess: turn failing big companies into failing little ones.

[–] Quill7513@slrpnk.net 0 points 3 months ago

Strip them for parts (which is to say extract all the value in the form of golden parachutes)

[–] WhatAmLemmy@lemmy.world 0 points 3 months ago

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.