4 ms·
It’s an interesting standoff because his only negotiating stance would be to refuse to accept the investment and key the company go bankrupt. I guess avoiding
by paulsutter 7y ago
It’s an interesting standoff because his only negotiating stance would be to refuse to accept the investment and key the company go bankrupt.
I guess avoiding that is worth $1.7B. Softbank would control the company after bankruptcy anyway, but the process would be messy
- hkmurakami 7y agoPresumably they may have opted for a very ominous debt package, which would have been senior to Softbank's equity, which is another thing SB would have liked to avoid.