Provo-based Vivint to be acquired by Blackstone in $2 billion transaction

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  • Red Salt Lake City, UT
    Sept. 19, 2012 4:05 p.m.


    Congrats! The world is a better place because of you. You have brought a ton of value to Utah. It has been fun watching the company grow all these years. What an amazing journey!

    You deserve it.

    Hopefully all of the people who are having a big payday will stay grounded. We have enough lives wrecked by too much money.

    Keep up the good work!

  • scottsimas GILBERT, AZ
    Sept. 19, 2012 2:41 p.m.

    Too bad Todd didn't build that himself! Don't congratulate Todd, call the President and tell him what a great job he did! I remember the stress filled days and nights when they were selling pest control. I remember the first summer in the bay area, and how Todd borrowed the money to get it going. By the way, the govt. didn't loan him anything. The govt. wasn't there figuring out a way to make payroll, pay the light bill, and put food on the table for Todd and his employees! There have been a lot of smart people involved in this company from day 1. I bet Todd would even say people much smarter than him. They together built this business! All of the employees have been fairly compensated. The salesman have been compensated very well. If someone didn't make enough money selling for Vivint, they should think about a new career that doesn't involve sales. The govt. would have screwed it up making everyone "equal" sales or no sales. How successful would this company have been if that would have happened? Cograts to Obama!(Sorry Todd, you guys didn't build that!)

  • donburi South Jordan, UT
    Sept. 19, 2012 2:16 p.m.

    They were not taken over by corporate raiders. They were looking to sell.

  • MrsH Altamont, UT
    Sept. 19, 2012 11:32 a.m.

    So, since I've had my alarm system, it's had 3 names.
    Guess I will get a nifty new sign for the front yard.

    Just hope my payment doesn't go up...

  • I Choose Freedom Atlanta, GA
    Sept. 19, 2012 10:04 a.m.

    milhouse says:

    "Except that Vivint's employees are underpaid part-timers, whose earnings are not sufficient to sustain an economy, . . ."

    I have no idea how much Vivint's employees are paid. But every one of them is welcome to go to work some other place for higher wages any time they want to, provided they actually have job skills that warrant higher wages. However, I suspect most everyone that works there do so because it is the best opportunity for which they are currently qualified.

    Perhaps milhouse thinks people should be paid more than they are worth? Perhaps milhouse thinks they should be paid based on their needs and not based on the value they provide as employees? It sounds like milhouse works for the federal government, an organization that has never been run efficiently and has never had to actually generate a profit or even break even.

    Perhaps milhouse needs to start his own business and use the pay model he is professing that Vivent should use. I suspect he would not want to be so generous (or foolish) with his own money as he wants to be with Vivent's.

  • USAlover Salt Lake City, UT
    Sept. 19, 2012 8:50 a.m.

    Peterson knew well in advance what enforced Obamacare was going to cost his company and so he sold out.

    People, you do understand what Obamacare will do to small business? Right? Because you better understand before your boss lays you off because he can't pay $800 to ensure your family.

    Liberals would crack me up, if they didn't make me cry.

  • milhouse Atlanta, GA
    Sept. 19, 2012 5:18 a.m.


    Except that Vivint's employees are underpaid part-timers, whose earnings are not sufficient to sustain an economy, and their customers are all on welfare. Take away the welfare, and you take away Vivint's profits.

    Indeed, using Vivint as an example of conservative economic philosophy makes perfect sense.

  • staypuffinpc Provo, UT
    Sept. 19, 2012 2:08 a.m.

    Wow, Pedersen must be livid that his company will be taken over by corporate raiders.

  • Chase Saint George, UT
    Sept. 19, 2012 1:26 a.m.

    A TRUE patriot would pay a good portion of his earnings from this sale to Uncle Sam . . . so that Uncle Sam can send money to the Middle East and North Africa to fund the Arab Spring and promote good will among all of that region's peace loving brothers and sisters.

  • USNGary South Jordan, UT
    Sept. 18, 2012 10:59 p.m.

    How much will I pay now

  • Guam_Bomb BARRIGADA, GU
    Sept. 18, 2012 10:55 p.m.

    Great success story

  • sammyg Springville, UT
    Sept. 18, 2012 9:28 p.m.

    So if Obama had his way he would like to take a lion's share of Mr. Pedersen's money.

    I think smart and rich guys like Mr. Pedersen need to keep a lion's share of their money and create more companies that employ more people, so more people can work and can pay their fair share of the taxes.

    I love capitalism.

    Congrats to Vivint and their management.