Re:Lenovo Agrees to Buy IBM Server Business for $2.3 Billion
by cwp on Thursday January 23, 2014 @04:56PM
(#7111546)
Not only that, but nobody forked over billions for Snapchat. The company took investment at a price that suggests we can extrapolate a total valuation in the billions, but nothing like that amount of money has actually changed hands. Lenovo is putting up $2 billion in cash for this deal.
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Re:Lenovo Agrees to Buy IBM Server Business for $2.3 Billion
by nl on Thursday January 23, 2014 @11:54PM
(#7113399)
Snapchat turned down a $3 billion offer from Facebook. That's what the snarky comments are about.
Re:Lenovo Agrees to Buy IBM Server Business for $2.3 Billion
by cwp on Friday January 24, 2014 @08:42AM
(#7114823)
Again, that's not cash on the barrel head. That's a rumor. Was it $3 billion in Facebook stock? Was it $1 billion plus a performance bonus? Would Snapchat continue to operate independently, or was it a huge acquihire?
We know what IBM's server business is worth. Snapchat's valuation is just speculation.