Page 1 of 1

So, I basically work for Darth Vader now. Apparently.

Posted: Sat Nov 14, 2009 10:02 am
by DerGolgo
The company I work for is being sold to Liberty Media, pending approval by the anti-trust regulators. Basically happened without warning in the night from thursday to friday.
And this is the new boss:
In addition to his prosperity and influence, Malone is said to be both personable and quiet spoken[citation needed]. He reportedly shuns the limelight and a glamorous lifestyle and takes his family vacations in a recreational vehicle.[3][4] However, in business dealings, he has been dubbed "Darth Vader", a nickname allegedly given to him by Al Gore while the head of TCI, where he demanded equity positions in cable programming services in return for carriage, and attempted to defeat the must-carry rules which protected broadcasters, which the cable industry eventually lost in 1997 at the US Supreme Court.[5][6]
So the good news, if the deal goes through, the company will be part of a globally active cable provider, someone who actually is in the business we are in, rather than a flock of investment groups who don't care so much as to how they make their money.
Bad news is this means the company has to take on 9 figures in new debt to pay for the takeover, which is rarely good news for the working grunts.

Regulatory approval or denial is expected to come in spring. This will be a few interesting months.

Posted: Sat Nov 14, 2009 10:08 am
by MagnusTheBuilder
In my head I hear the imperial march interrupted by robin Williams from the movie RV.

Good luck man.

Posted: Sat Nov 14, 2009 11:33 am
by calamari kid
Be careful in the canteen.

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/Sv5iEK-IEzw&hl ... ram><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Sv5iEK-IEzw&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

Posted: Sat Nov 14, 2009 5:46 pm
by rubber buccaneer
I know that feeling all too well. Company I work for just went through a merger ; FCC took their time approving it so everyone was on their toes for months. Good luck.