Detroit Pistons owner reportedly offering $1.6B for Securus to profit off prison phone call industry

Source: Detroit Pistons owner risks tarnishing rep to profit off prison phone call industry

According to Crain’s Business, Platinum specializes in buying cheap companies, fixing them, and selling them for a profit. But Gores seems to have deviated from that formula in his plan to purchase Securus, offering to pay a reported $1.6 billion for the prison services company — more than twice what it sold for the last time it changed hands in 2013, according to Bloomberg News.

 

 

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