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A comment on Facebook to Buy Giphy for $400M. Parent comment

Re:Facebook to Buy Giphy for $400M by nimish on Friday May 15, 2020 @08:10PM (#23199045)
Their last round valued the company at $600MM, so anyone with options at that strike isn't going to make any money.
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Re:Facebook to Buy Giphy for $400M by creddit on Friday May 15, 2020 @10:35PM (#23199992)
Only if 409A valuation was at referred price which it almost certainly wasn’t
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