First story is not exclusive to private equity. Sales and even business owners have no idea how long things take. We once had a project that would take about a year, sales signed the contract to be done in like 1 month. The saving grace was the client delayed their start date, giving us the time we needed. Another one: guy buys an old building with plans to tear it down and build a new one. Tells the news “we’ll break ground next month”. Two years later they break ground.
Wow did not see this coming. Saudi Arabia is desperate to diversify so from that angle it makes sense. Kushner wants in lol. That’s a big buyout though. Well, things are going to get weird.
From the articles linked elsewhere this is between PIF (Saudi Arabia), Silver lake (American), and affinity partners (Jared kushner)
From wiki about affinity partners:
Kushner’s firm received commitments of more than $3 billion by the end of 2021 to invest in American and Israeli companies that are expanding in India, Africa, the Middle East and other parts of Asia. The largest investor by some margin is the Saudi government’s sovereign wealth fund, the Public Investment Fund, which has allocated $2bn of its nearly with Kushner stating that he hopes to open an “investment corridor between Saudi Arabia and Israel”,[2][3] seen internationally as a “sign of warming ties between two historic rivals”.[4] Officials who headed the Public Investment Fund objected to investing in Kushner’s firm, but Saudi ruler Mohammed bin Salman overruled those officials.[5]
Sony owns Blu Ray tech but not DVD. DVD was industry consortium to prevent a repeat of the VHS and betamax war. Only lasted a generation unfortunately.
I think most people are on laptops now. Blows my mind but yeah.
My comparison is that screen size is like desk size. A laptop being those tiny pull out side desks at college, and a monitor being a desk. I was massively downvoted for that. People like their small screens.