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And the article points out that Apple currently has 262 Billion USD in cash. I don't see anything naive there.
by allwein 9y ago
And the article points out that Apple currently has 262 Billion USD in cash. I don't see anything naive there.
- holydude 9y agoAnd the article is wrong. Samsung has revenue of 300bn and totals assets of 600bn. Why would they sell for so little as 262bn ? Or were we talking just about Samsung Electronics ?
- allwein 9y agoThe article didn't say anything about Samsung's numbers. I was replying to bitmapbrother who quoted a value of 250bn. In that case, I didn't understand how 262bn>250bn was naive. If the numbers are actually 300bn and 600bn, that's a different story.
- bitmapbrother 9y agoI don't believe you fully understand the economics of acquiring companies.
- allwein 9y agoNo, I don't, which is why I posted my comment. To me, if Apple has the same amount of money as Samsung is worth, then it makes sense that they could buy them. But your comment makes it sound like that's an absurd notion.
- bitmapbrother 9y agoA couple of things to take into account, and there are many more, is that Apple would have had to pay a premium for the Samsung shares. If we look at the time Microsoft tried to acquire Yahoo, Microsoft they offered a 62% premium on the price of the stock. You also need to take into account how much cash reserves Samsung has which I'm estimating to be around 75-85 Billion USD.