Synthesizer's Sell 6.17.15

The pioneering synthesizer maker, Moog Music, was sold this week but in a rather unusual way than everyone expects. Instead of being bought up or sold off to major companies within the industry, they've been sold to the employees. Mike Adams (CEO) announced this business move, also stating that he will hold onto 51 percent while the employees of Moog take the other 49 percent. But it's also important to note that Mike Adams has set it up so the employees will buy his shares slowly over the course of the next six years. With this, Adams is set up to remain the president and CEO until the end of those six years where he will step down. And so with the growth of the company continuing to increase with its yearly revenue up almost 50 percent last year compared to the previous years, they'll be set up for success if things continue moving in the same direction as they are headed. It's only good things for all parties involved within Moog Music.

What do you think about this drastically different idea of a business deal?

Check out the full article here.

Sean Myles Moriarty, Intern @ PARMA Licensing