#acquisition

Posts mentioning hashtag #acquisition

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Apache Making Bank!

Apache is producing more oil with the least amount of people in its history. What’s next for Apache? Any more consolidation or reverse mergers? BTW Repsol bailed from its reverse merger but it could have capitalized a 15 dollar a share profit and also had 4 Billion in Abandonment liability

#Acquisition #Consolidation #Oil #Profit

Board shenanigans

What were these secret foscussions that caused a clash between a board member and AM? The discussions have been described as a “deal” and “sensitive negotiations” and “essential discussions”. The plot thickens. It could range anywhere from something relatively small to - dare I say it - a merger/buyout. Let the speculation begin.

#Acquisition #Board #Merger #Negotiation #Speculation

Great post on LinkedIn

It is incredibly exhausting to watch the Verizon Corporate playbook unfold this way.
The FCC's approval of Verizon’s $1 billion acquisition of Array Digital Infrastructure’s spectrum licenses highlights a frustrating reality in the telecom industry. Capital investments in assets are prioritized while internal human infrastructure is treated as a disposable expense.
Late 2025 – Early 2026...Under the mandate of "restructuring the expense base," Verizon executed the largest workforce reduction in its history, slashing roughly 15,000 roles (about 15% of its workforce). The cuts heavily targeted non-union management, thinning out deep layers of institutional knowledge and technical leadership.
Then the Frontier acquisition makes the whole scenario even more cynical.
Frontier itself is a patchwork of legacy systems, heavily built out of old Verizon copper and fiber properties (like the FiOS territories Verizon dumped on them a decade ago), alongside various independent local exchange carrier (ILEC) networks. Merging those complex transport layers, legal demand operations, and routing architectures into Verizon’s wireless core is an incredibly complex engineering task.
When a company replaces thousands of veteran technical minds with vendor-managed solutions and automated scripts, they compromise the actual resilience of the backbone. They may own the physical glass in the ground and the spectrum in the air, but they’ve stripped away the very people who possess the diagnostic intuition to keep it running when a major regional routing failure hits.
May 2026...Just months later, the FCC cleared a $1 billion deal for Verizon to absorb spectrum licenses across 618 counties in 19 states.
In the eyes of the executive suite and Wall Street, spending $1 billion on airwaves is viewed as building a "simpler, leaner, and scrappier business." From a purely architectural standpoint, low-band and mid-band spectrum are the lifeblood of network capacity. Executives argue that you can't run a network without the spectrum to back it up, and they are willing to spend billions to keep pace with T-Mobile and AT&T. But the glaring flaw in this philosophy is that spectrum doesn't manage itself.
When a company strips away over 15,000 employees—decades of hands-on expertise, system engineering, and operational continuity—they are betting entirely on automation, vendor solutions, and junior staff to stitch the new infrastructure together. It ignores the reality that the "meat" of a reliable network isn't just the raw megahertz you own; it's the architectural knowledge required to deploy, secure, and maintain it without catastrophic failures.
Squeezing the people who built the system to fund a balance sheet optimization is a short-term strategy that frequently backfires on long-term operational stability. It’s the ultimate corporate paradox - buying up the highway while laying off the engineers who know how to pave it.

#Acquisition #CorporateCulture #EmployeeTurnover #Restructuring

Pure speculation

I left Dell but retained the stock.I see the Trump admin gave a big DoD contract to Dell that should have gone to Microsoft. The result is a 30% increase in the stock price.

I have no inside knowledge, but with most of the earnings coming from AI servers and services - how long before they spin off the PC and accessories business like IBM did some decades back?”

#AI #Acquisition #BusinessTransformation #Speculation #Stock

Perella Weinberg Partners Reduces Staff, Acquires London Firm

Perella Weinberg Partners is reducing its workforce. The firm is cutting 10% of its staff, including 12 partners. This follows a 91% drop in net income during the first quarter. Concurrently, PWP is acquiring Gleacher Shacklock, a British bank. This acquisition will add up to eight senior bankers in London.

London, United Kingdom

https://www.efinancialcareers.com/news/pwp-cuts-tim-shacklock

#Acquisition #Layoffs #Reduction #UK #WorkforceReduction

The lack of quality people leaders is to be expected

You have to understand that leadership rolls at Verizon are often essentially glorified IC positions. It’s a remnant of all the mergers and acquisitions that formed Verizon. There is not enough pay growth in actual IC positions here. There are not enough band 5 level IC positions. So IC’s take manager rolls simply because there are more of them. Then they get those rolls because of their performance or relationship’s established while being a decent IC. So the lack of quality people leaders is to be expected. The reality is you could collapse Senior Manager, Associate Director into one roll across the company and not miss a beat. I suspect you could even collapse Director into that single roll with little impact depending on the business unit.

Bumped from @aq+1kr3jr1wf.

#Acquisition #Culture #Leadership #Management #Merger

Bankruptcy when?

FIS is on its way to bankruptcy.
Norcross ran company by M&A and hiding the financials.
After WorldPay disaster, FIS tried to fool Wall St. by acquiring Global Payments.
But deal was leaked and did not go thru.
This company is built on Financial networking nothing else.
The product offering are outdated and have very bad reputation in market.
If you own stock then do yourself a favor by selling it now.

#Acquisition #Bankruptcy #Concern #Layoffs

Kyndryl attempted acquisition blocked by Dutch government

The Dutch government has blocked the sale of Solvinity, the company that manages its online services portal DigiD, to the US-based tech giant Kyndryl amid concerns that millions of citizens’ private data could be compromised.

https://www.dutchnews.nl/2026/05/dutch-government-blocks-sale-of-digid-owner-to-us-tech-giant/

#Acquisition #DataPrivacy #Government #Security #Technology

At SAP and Palantir, Agentic AI Making ‘Software’ Obsolete

Is SAP still a software company? CK opened with this question at Sapphire.

There are more and more reports of SAP moving away from creating software products. And CK wants SAP to become the largest private and public sector data store for Palantir. What is the strategy even?

And if AI is good enough to make decisions, why are we not replacing our executives with AI?

I foresee a giant push back from the public sector when they realize that SAP is simply looking to get acquired by Palantir.

#AI #Acquisition #CorporateStrategy #Culture #Discussion

Big layoffs on Wednesday this week

The 25% reduction in headcount from the BD acquisition is coming. Wednesday is going to be brutal. Expect across all functions, all segments, but especially ADx. R&D likely to be hit especially hard. Lawyer/HR was onsite in Sparks for a reason - upper leadership has been discussing the reorg all this past week at the Sparks location. Anyone with direct subordinates being let go were informed this past week as well. Waters is not BD - they are breezing through letting people go for cause as well as layoffs. If your leadership team does not like you, expect to be let go sooner rather than later. Happy holiday weekend, everyone!

#Layoffs #LayoffRumor #Acquisition #Reorg #RIF

AbbVie Announces 85 Layoffs at California Eye Care Site

AbbVie announced 85 permanent layoffs at its Irvine, California, location. These layoffs will become effective on July 20. The affected positions are within the company's eye care business. This follows previous workforce reductions at the site in prior years. AbbVie acquired Allergan, including its eye care franchise, in 2019.

Irvine, California

https://www.fiercepharma.com/pharma/abbvie-plots-85-summer-layoffs-tied-allergan-aesthetics-workforce-california

#Acquisition #California #Irvine #WorkforceReduction

RedLion Optimum Store Takeover

They aren’t even hiding it. Their LinkedIn profile is literally calling it the RedLion Takeover. How many Optimum stores are literally still in-house? The sad part is all the metrics show that the RedLion stores are doing better than the internal stores, but who knows if he could trust their numbers. Probably all fake to justify to takeover.

#Acquisition #Culture #Discussion #Management

Is Oxy being marketed for sale?

This is the first time since coming to Oxy 10 years ago that I have really convinced myself that we are actively trying to get bought. Between the aggressive debt reduction, new CEO, divestiture of non core assets (Oxychem), delaying long term project investment, and the countless asset summaries I've created it really seems like the writing is on the wall. I've been a part of sales teams in the past and this feels eerily similar. Anybody else feel the same way?

#Acquisition #Debt #Divestiture #Sales

VBG Intl to BT sell off imminent

Heard on the grapevine that the sell off to BT is now more likely than the mass dismissal in EMEA. At least for Professional Services teams working on Security products. That should buy people some security for a few years. Regarding exactly which teams, remains to be seen. BT earnings call today 21.05.

#Acquisition #BusinessDevelopment #EmployeeRelations #JobSecurity #Layoffs

Will the ELT ever pay for their decisions?

I’m still pretty angry, honestly. Looking back on all the BS we’ve been expected to tolerate over the years, shame on me for believing accountability would ever exist at the top.

Remember the data breach? The ELT lied to investors, employees, and regulators. The company spent hundreds of millions in legal fees and hundreds of millions more trying to clean up the mess and get compliant. Did anyone at that level lose their job? Of course not. They still got their bonuses.

Then there was EverFi, a $750M acquisition that eventually turned into roughly a $400M write-down when it was sold off. Another catastrophic decision. Again, nobody in leadership paid any personal price for the failure.

Now we’re watching good people lose their jobs while roles get shifted to India, all while leadership positions themselves for one last payday if the company gets sold. They’ll walk away with tens of millions in compensation after years of bad decisions. The rest of us get 8 weeks severance and COBRA.

At some point you realize employees are just pawns in a game where leadership can fail upward indefinitely while everyone else absorbs the consequences.

Get out while you can.

#ELT #Leadership #Layoffs #Severance #Acquisition