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That's not always the case. It's common to do an asset sale when companies go bankrupt. I know. I've been involved in one such sale (on the buy side).
by jmvoodoo 8y ago
That's not always the case. It's common to do an asset sale when companies go bankrupt. I know. I've been involved in one such sale (on the buy side).
- mark212 8y agoExactly, that's the simple definition of a Chapter 11 workout: sell the assets without the debt and distribute the proceeds to the creditors
- brisance 8y agoAnd Apple management would be stupid to pay $20.5 billion for Tesla's plant, property & equipment. They may acquire an interest in Gigafactory but that's not worth $20.5 billion. And let's not forget Tesla's largest shareholder is Elon Musk, who went on record to explicitly disparage Apple and its employees not too long ago. Do you think he would sell his beloved company to Apple? https://www.theguardian.com/technology/2015/oct/09/elon-musk-apple-graveyard-fired-tesla-staff https://www.theguardian.com/technology/2015/oct/09/elon-musk...