When negotiating a price, never bid with a round number (2016)

Re:When negotiating a price, never bid with a round number (... by JumpCrisscross on Friday May 06, 2022 @10:55AM (#31285894)

> Musk, so you can throw out the book

Musk's Twitter takeover is a textbook LBO transaction. The negotiations were unorthodox. But that's been true of LBOs since the 80s. Usually the bankers were the ones up to the antics; this time it's the principal.

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Re:When negotiating a price, never bid with a round number (... by bjelkeman-again on Friday May 06, 2022 @11:49AM (#31286571)

LBO, Leveraged Byout. I had to look it up. “A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition.”

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Re:When negotiating a price, never bid with a round number (... by spoonjim on Friday May 06, 2022 @04:17PM (#31289221)

Textbook except for the size of course. Very few LBOs are above $5 billion.

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