French Company Buys Language Line--for $1.5 Billion US
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There is a lot of shock to process in the language world.
First, a French call center company has just bought the U.S. world giant in telephone interpreting, Language Line Solutions.
Second, the price tag was $1.5 billion. Wow. That sale is the largest transaction in the history of the language service industry. (Language Line Solutions pulled in $388 million in revenue last year.)
Third, who is Teleperformance? The French company that bought Language Line has no experience in interpreting and is not known in the U.S.
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It's hilarious. It's apt. It's true.
This animated video sets the score straight on why we need professional interpreters to do business. Just trying to muddle along in basic "global" English won't do it.
It's funny to watch. And superbly executed. The brief video (about a minute and a half) was created by AIIC, the International Association of Conference Interpreters--arguably the most powerful interpreter association on the planet.
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