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You think the deal was started, and nearly completed in a few weeks? Surely the deal had been going on for a while longer than brexit turmoil
by suvelx 10y ago
You think the deal was started, and nearly completed in a few weeks? Surely the deal had been going on for a while longer than brexit turmoil
- justincormack 10y agoThe BBC it was done in two weeks.
- lordnacho 10y agoIt's quite possible to do these deals in short time. For one, the young investment bankers and lawyers are accustomed to staying up late when there's a deal on. I used to live with one, and it was simply part of the job that the job was everything, all the time. Staying up an unhealthy amount is what they expect. Also, this isn't a completely out-of-the-blue deal. Everyone in the M&A space would have given some thought as to which firms would potentially merge, and they would have made presentations to the bosses of the involved firms airing the pros and cons, the possible financials, the antitrust side, and various other issues.
- numbsafari 10y agoIt seems like SoftBank is very willing to do deals with very little due diligence (based on some, uh, experience). In this case, at this size, my guess is they've been keeping tabs on ARM for a long time and maybe decided to just pull the trigger with Brexit going on.
- Analemma_ 10y agoThey might've been planning and negotiating the deal as a 'just-in-case' far ahead of the vote. It's not like people didn't know the pound was going to plummet in the event Leave won.