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A comment on Apple buys autonomous driving company Drive.ai. Parent comment

Re:Apple buys autonomous driving company Drive.ai by Xelbair on Wednesday June 26, 2019 @04:58AM (#20283107)
why would anyone sell their company for lowest possible price?
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Re:Apple buys autonomous driving company Drive.ai by lallysingh on Wednesday June 26, 2019 @11:01AM (#20285649)
Because they couldn't get more for it.
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Re:Apple buys autonomous driving company Drive.ai by chii on Wednesday June 26, 2019 @05:05AM (#20283135)
If they needed to sell, and the apple offer was the only one available.
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Re:Apple buys autonomous driving company Drive.ai by bluGill on Wednesday June 26, 2019 @09:44AM (#20284918)
Which implies they also sold it for the highest possible price (I'd give $.25 to buy Apple - I don't think share holders will agree to that deal)
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Re:Apple buys autonomous driving company Drive.ai by braythwayt on Wednesday June 26, 2019 @10:48AM (#20285490)
What makes marketplaces work is the "saddle" shape of transactions.

Alice wishes to buy a house. She narrows her choice down to three candidates, and is looking to pay the lowest possible price for one of the three.

Bob has a house for sale. After showing it for a week, his agent puts it up for offers, and he is looking to accept the highest possible price.

If Bob's highest possible price is also Alice's lows possible price, they both win.

So it is very possible for one party to sell for the highest possible price, while the other party is buying for the lowest possible price, even if both have the same information about the market.

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So yes, Apple could have paid the lowest possible price while simultaneously--and you would be correct--they sold for the highest possible price.

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