this post was submitted on 03 Dec 2023
350 points (85.4% liked)
Technology
58303 readers
8 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The purchase price already exceeded the real market value, which is why the former board was persistent in pushing the deal’s completion. A normal price at the time would have been about 20% less. Estimates since then have been even lower, like maybe $20 billion. So most of the loss is in market value, not cash expenditure or lost revenue.