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I was in the same state of WTF until I asked about it a friend of mine, who was the CEO of one of larger Boston startups. It took him a couple of minutes to cru
by huhtenberg 16y ago
I was in the same state of WTF until I asked about it a friend of mine, who was the CEO of one of larger Boston startups. It took him a couple of minutes to crunch the numbers in his MBA head and to show that eBay's purchase price was reasonable.
Apparently it was a viable business transaction when it was conducted (excluding the not-purchasing-the-core-technology part).
- arethuza 16y agoOf course another possible explanation for this is that MBAs are all taught to value things the same (crazy) way and he is simply running the same valuation calculation as the MBAs at eBay and coming up with an equally crazy answer.