What if Constellation Software pivoted to sub shops, sand, and socks? What if a programmatic acquisition strategy had no underlying business logic or synergies? What if we invented self-funded search from first principles and took it public? What if the 2021-vintage SPACs never really went … Continue reading Teamshares: The Washington Generals of Consolidations.
Tag: technology
The Sound of Settling (for $675m less than you paid) – when strategic M&A doesn’t work out.
One of my former portfolio companies was back in the news this week, albeit for less than stellar reasons. After three years of ownership and a lot of drama, Masimo exited the consumer audio business it bought in 2022, Sound United. Masimo is a medtech … Continue reading The Sound of Settling (for $675m less than you paid) – when strategic M&A doesn’t work out.
Danny McBee 