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Well that’s one way to put it
In a way, mergers and acquisitions have always been happening plenty in type, much more in metal times than today. I’m wondering if there are any records of what the competitors and workers, or designers, at the time thought of those. @Dan Reynolds, did you come across anything maybe?
When Monotype was publicly traded company, before October 2019, much of the positive position on its balance sheet was in “goodwill.” Investopedia defines goodwill thus:
It is, in some regards, an accounting sleight of hand. What this meant for Monotype was that it had to survive like a shark, feeding itself by acquiring more goodwill (i.e., companies) every year or so. After Monotype was acquired by HGGC, a mid-range private equity firm, it continued the practice—last year it acquired URW—which would indicate that sales of licenses and custom services (and other savings such as layoffs) were insufficient to show sufficient profitability for a company purchased on debt. So now it's Hoefler & Co. (He’s a smart guy and I’m sure he did well.) How many sizeable fish are left? Morisawa, perhaps?
From my point of view, Monotype is in a kind of straightjacket. I’m sure they know their retail sales and marketing apparatus is deplorable and ineffectual, but to undertake a remake might cost more than they can justify on slender sales in such an insanely overpopulated market. They have a new CEO, who comes from the travel industry, which makes me wonder if they have the expertise to see their way clear. It wouldn’t surprise me if Amazon (not Google) became the buyer of last resort. Ouch!
Sorry to be so depressing!