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The acquisition price can't be right. If the price was north of $1B, GM would be required to file and disclose the price as the acquisition was material. GM i
by HLSalumin2 11y ago
The acquisition price can't be right. If the price was north of $1B, GM would be required to file and disclose the price as the acquisition was material. GM itself is worth less than $50B, so an acquisition for over 2% of the value of the company certainly would be considered material and require disclosure to the SEC and investors. That price can't be right.
- foobarqux 11y agoGM probably desperately needed to jump start their tech to be competitive and there was only a single acquisition option. Not acquiring Cruise may have cost them more than $1 billion.
- ocdtrekkie 11y agoWe're a decade out from self-driving technology being consumer-ready. Plenty of time to acquire or develop in-house down the road. As more people experiment with it, and more hardware and software specifically designed for it is available, it'll be easier to put together such a system.
- JangoSteve 11y agoThe article says the acquisition is expected to close in Q2. Wouldn't it not need to be disclosed until it actually closed?