2 ms·
The investment today is only $0.9 billion with a further $1.35 billion at an unknown time in the future. This makes a present valuation of only $4.5 billion. An
by barbegal 8y ago
The investment today is only $0.9 billion with a further $1.35 billion at an unknown time in the future. This makes a present valuation of only $4.5 billion. And GM must commit $1.1 billion now. So GM will have invested a total of $2.1 billion for a share of Cruise which is valued at 80% of $4.5 = $3.6 billion.
- trhway 8y ago>This makes a present valuation of only $4.5 billion. in 2 years from 1B->4.5B (with GM original stake of 1B growing 2.5x during those 2 years(4.5 - 1.1 - 0.9 = 2.5)). This is why i love tech. We call it "only" here.