Anything happening with these 2 last BUs in West?
6 replies (most recent on top)
It’s funny they can’t find a buyer as Televox is still profitable while Mosaic is not.
Last person left, flush all toilets, dump remaining trash, and turn off all the lights.
According to recent news, Apollo Global Management is indeed selling its stake in Notified, a company specializing in public relations (PR) and investor relations (IR) technology, allowing Notified to focus more intently on its core IR and PR solutions by divesting its virtual events and webinar business.
Key points about the sale:
Focus on IR and PR:
The primary reason for the sale is to enable Notified to further develop its investor relations and public relations capabilities by investing more in innovative technologies like AI.
Virtual events divestment:
As part of the strategy, Notified sold its virtual events and webinar business to Brandlive, a company specializing in enterprise webinars and virtual events.
Apollo's involvement:
Apollo Global Management, which previously had control over Notified, is now selling its stake in the company.
They are really not putting money back into any business units that are left… get out why you can or you will not see severance if that is what you are waiting for. After first quarter it will become a reality for Apollo that they are now dead businesses and want out quick
Hope liquidation will be in 2025. Any chatter about that?
They are trying to offload them both as they have been for years. No one will buy them. They continue to reduce headcount to cut costs, to make them look more attractive to potential buyers. This impacts customers, which is causing customers to flee. At some point, if they can't be sold, they will be liquidated.