OpenAI looked at buying Cursor creator before turning to Windsurf

Re:OpenAI looked at buying Cursor creator before turning to ... by soulofmischief on Thursday April 17, 2025 @09:14PM (#43723957)

People do this exact thing all the time. Facebook paid $1 billion for Instagram whenever Facebook's cash and marketable securities was only $9-10 billion, even though Facebook already had a mobile social media app.

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Re:OpenAI looked at buying Cursor creator before turning to ... by disgruntledphd2 on Friday April 18, 2025 @02:01PM (#43730427)

That was a mostly stock deal, right?

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Re:OpenAI looked at buying Cursor creator before turning to ... by soulofmischief on Friday April 18, 2025 @09:33PM (#43733461)

I couldn't remember, thanks for raising that point. So, I searched and found this CNET article[0] which states Facebook ended up only paying $715 million: "Although Instagram's original price tag was $1 billion, Facebook ends up paying $521 million in cash and $194 million in stock for the popular photo-sharing network."

I guess not mostly stock, but still half a billion cash, although not $1 billion. I guess my original point still stands, though it isn't quite as impactful an example. :)

[0] https://www.cnet.com/tech/services-and-software/facebooks-fi...

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