Джерело:
Slashdot
Дата публікації:
31/05/2024 18:39
Постійна адреса новини:
http://www.vsinovyny.com/11020291
Vista Equity Writes Off IT Education Platform PluralSight Value, After $3.5 Billion Buyout
31/05/2024 18:39 // Slashdot
Vista Equity Partners has written off the entire equity value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5 billion, Axios reported Friday. From the report: One source says that the Utah-based company's financials have improved, with around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower. It's also a company whose future could be dimmed by advances in artificial intelligence, since some of the developer skills it teaches are becoming automated. Vista agreed to buy the company in late 2020 for $20.26 per share, representing a 25% premium to its 30-day trading average, despite a lack of profits.
Read more of this story at Slashdot.
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