Re:“Starting February 9, we will no longer support free acce...
by anigbrowl on Friday February 03, 2023 @04:45PM
(#34648168)
I don't think it's that simple. Imagine if you had 'overpaid' for ownership of most US radio broadcasting in 1938. On paper it might look like a terrible investment, but depending on your goals and alliances it might be worth massively more than the book value.
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Re:“Starting February 9, we will no longer support free acce...
by Vespasian on Saturday February 04, 2023 @01:43AM
(#34652223)
Could be and billionaires have a tendency to fall very softly.
I'm still figuring out how the "no due diligence, no exit hatch - final offer" figures into this. Why no not do it like you usually approach a takeover of this scale.
He did try to wiggle out of it almost instantly and found himself locked into the contract by "himself".
To me this feels like he made a fairly emotional decision, used his influential network and personal assets to setup the deal but was afraid to "chicken out"/face reality when given the chance.