Posts in tag
restructure
Is Soundcloud on its last legs? [UPDATED]
Word came out earlier last week that Soundcloud laid off 40% of its staff in a bid to become profitable. A statement by the company indicated that the layoffs would help stabilize the company. Now however a new article by TechCrunch described a more dire situation where even with the recent layoffs the company only has …
SFX looking into restructuring debt to save itself
Electronic music festival organizer SFX Entertainment Inc (SFXE.O), which puts on days-long dance extravaganzas including New York’s ‘Electric Zoo’, is exploring a debt restructuring, a spokesman for its chief executive told Reuters on Monday. SFX has asked investment bank Moelis & Co (MC.N) to propose ways of slashing the company’s debt pile…. It is correct …
