In the US, this is what we call Chapter 11—court supervised reorganization with some relief in debt repayment schedule..

Francisco Partners, their venture capital overlords got them into this. I expect that some divisions will be consolidated and others sold. That’s a lot of quit valuable IP.

Some are waiting to see if Muse Group will suffer the same fate. Francisco Partners put up the many billion$ for them to acquire Hal Leonard and other entities.


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