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Re: [newtech-1] Facebook, Microsoft and Ford

From: Hank W.
Sent on: Thursday, October 25, 2007 3:44 PM
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 2.0 decides
> 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.

Hank

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