Updown said:
See Gibson has bought from Roland, Cakewalk / Sonar ....... oh dear.
Well, not quite yet. They've just issued a
letter of intent. Nothing legally binding, per se. A letter of intent is a formal precessionary that more or less delineates an action to be taken should both parties come to agreement on terms. Usually, it means things are a done deal, though.
When you can sell anything for as much as they do, you generally end up with more money than you can realistically write off, so you have to spend it on something tax deductible lest the gummint takes the largest portion of it away to fund Obamaphones, "aid" to countries you've never heard of, enforcement of regulations nobody cares about, and such.
I worked for a company about 100 years ago where that happened. Some other company managed to get a patent on a process that they decided not to sell, but rather lease rights to use, sorta like Xerox and IBM did for a long time. They got filthy rich, and couldn't spend the money fast enough to keep it away from the gummint. So, they bought us, amongst others, and since they had no idea how our business worked, damn near ruined it.
On the plus side, since our company ended up nearly worthless as a result, a group of employees were able to buy it for a song. It has since taken over that entire market. Unfortunately, I got out about halfway through that whole debacle, so I didn't get to buy in. Would've been sweet.
