Quote:
Originally Posted by Media Boy UK
Do we now know why Ideal World sold Create & Craft?
Investor buys Ideal World shopping channel
Asset management firm Aurelius Equity Opportunities has sold the home shopping channel Ideal World to the investor Hamish Morjaria.
https://www.broadbandtvnews.com/2022...medium=twitter |
The private equity business decided that running it as it was wasn't worthwhile still being invested and decided to asset strip, which is pretty normal for private equity companies because they can't be bothered making a go of businesses and just see them as way to make more money from selling off bits separately. So many businesses get destroyed to make money for little effort. Private equity companies often load them up with debt too.
RXTVlog seem to think this too.
https://rxtvinfo.com/2022/ideal-worl...ff-to-investor