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Sure. But inheriting a deal is very, very different from originating a deal.
by pbreit 7y ago
Sure. But inheriting a deal is very, very different from originating a deal.
- Animats 7y agoNo, it's not. In an acquisition, you acquire the liabilities as well as the assets.
- manfredo 7y agoRight. But the point is, depicting this as though Tesla bought $50M in solar equipment and just left it to sit in a warehouse is misleading. In reality, Tesla bought a company which bought another company which had $50M in solar manufacturing equipment. The fact that they aren't using assets which were brought into Tesla's possession with three layers of indirection is a lot less surprising.
- jrumbut 7y agoThis was an acquisition, not an inheritance. Though maybe he would have inherited control in the fullness of time since it came from his half brothers.