Link: Sources: Vista Equity has written off the entire value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5B (Dan Primack/Axios)

This is an example of leverage catching up with a leveraged buyout. One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower. It's also a company whose future could be dimmed by advances in artificial intelligence, since some of the developer skills it teaches are becoming automated. #


Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.