
The first season of the succession starts with a dash, where the first chief of the Roy family, Kendall Roy, is pursuing the Vaulter deal, where Wayster Royco is aiming to buy an online media company, Vaulter.
In an attempt to make the deal happen the Roy family used to go high and above to pay the founder of the company. However, after the acquisition, the company stripped the media division by firing the staff writers and other associates by dismantling the company.
It’s a classic takeover where a company stripped the competition by making a hostile move and reducing the competition from the industry.
In this blog, we will look at the legalities of such deals and what negotiating factors are there to make these deals a successful experience.
Legalities Around the Board of the Roy Family Trust
The legalities get prominent when Marcia gets introduced into the board of the Roy family trust, and after the demise of Logan Roy, the voting shares will go to her. Making this simple, it’s a classic care where the grantor of the trust gives more power to a single trustee, and that creates distrust within other trustees.
There are tax law firms in San Francisco that help clients set trust so that they can protect their income, and it’s a great way to hold wealth and pass it on to the next generation. An issue in the trust can become a legal battle, and the grantor might need to settle the problem in court.
Wayster Royco met PGM: A Deal of Lifetime
Suppose the family drama doesn’t excite you. In that case, the show offers a strategic business deal where the company is willing to acquire a rival media group, which is PGM a family company of the Pierce group.
It has been a better option for the company to choose a rival brand and merge both companies, making it a single game in the town. It also brings Nan Pierce, the chairman of the Peirce group, to the board of Wayster Royco.
This kind of acquisition is done based on cash and stock options where a company wants to gulf a company of the same size thus expanding the portfolio of the company. The name of the company suggests that Wayster Royco previously got merged and it’s going through the same deal to make sure they have better footing in the business.
The End Game: Acquiring GoJo and Then Getting Acquired
The Roy family’s dispute is the major reason for the company to get acquired by the Norweign tech company. The legalities around this deal are such that the company will not have any board share, and every member of the Roy family will be bought out.
There are attorneys in California tax who can understand similar deals and can close them as it’s one of the high stakes, as the buyout needs to be done in cash tranches. The capital gain tax and inheritance tax all come into play when the promoters sell the stake from the company.