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A comment on Goodreads was the future of book reviews. Then Amazon bought it. Parent comment

Re:Goodreads was the future of book reviews. Then Amazon bou... by freddie_mercury on Tuesday July 04, 2023 @01:16AM (#36582500)
> What M&A are you familiar with that they can typically happen in a 6 day timeframe?

Virtually every single bank failure that happens results in an M&A that is negotiated over a weekend.

Most recently Credit Suisse collapsed in March. UBS bought it on Monday, March 19, after negotiations began on Friday, March 16. UBS offered a price that was 60% lower than the Friday closing price. The deal was accepted.

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Re:Goodreads was the future of book reviews. Then Amazon bou... by alex028502 on Tuesday July 04, 2023 @01:58AM (#36582733)
Interestingly in this case an "approval" similar to the one we are talking about did happen over that weekend didn't it? I think the approvers brokered the deal.
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Re:Goodreads was the future of book reviews. Then Amazon bou... by abenga on Tuesday July 04, 2023 @02:33AM (#36582981)
Regulators were concerned about a collapse causing contagion that results in a financial crisis. Would they care to do that for a little startup with a few dozen employees?
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