...which means that yes, Zuckerberg and his boyz are both smart and lucky to get it.
On 10/25/07, Hank <[address removed]> wrote:
On 10/25/07, David Rosenstrauch <[address removed]> wrote:
> EddieN wrote:
> > and, doesn't Zuckerberg look like a genius for holding out when
> > Yahoo! offered a mere $1 billion to buy them up?
> > Eddie
> Probably, but it does still remain to be seen. Yahoo was willing to pay
> them $1B. But yesterday they only got $740M. ($240M from MS, plus
> another $500M from 2 hedge funds.) Yes, they probably will take in more
> in the long run this way ... but you never know. If bubble
> to pop, or Osama Bin Laden decides to do something nasty again, their
> window of opportunity could slam shut hard.
Yes, but unless the deal implements some kind liquidation preference
(unlikely) they will not be impacted if they have to sell out cheaper
than at 15B. Basically I strongly suspect that the 740m is essentially
common stock with no special privileges. In other words... free money.
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