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Why is everyone so sure Yahoo would not have reneged on the deal anyway? If they were ready to renege the way they did, which is extremely ruthless, what makes
by crate_barre 5y ago
Why is everyone so sure Yahoo would not have reneged on the deal anyway? If they were ready to renege the way they did, which is extremely ruthless, what makes you all think Yahoo would divulge they were doing due diligence on Viaweb with an existing floating offer already in place for LinkExchange? Maybe another company was out for Viaweb, Yahoo secures LinkExchange, but continues to try for Viaweb, totally ready to drop LinkExchange if Viaweb comes through.
Look at what the company did (renege an offer) and you will understand what they were also doing behind the scenes.
A little bit of a hot take, but I don’t think $125 mil goes out the window because someone said something over drinks (especially something as benign as an exaggerated flattering compliment).
I often give similar compliments when others undermine someone I know well, but respect me. I always say ‘look, that person is a better person than me’, all I’m trying to convey is if ‘if you respect me, know that I respect them, so take that into consideration’. I don’t literally mean they are a better person, that’s not for me, or for you to judge, so let me flip this notion on its head for all of us.
- Invictus0 5y agoAn off-color comment over drinks has tanked many, MANY deals.
- hnbad 5y agoNo kidding. If I was giddy to buy out a company and their CEO told me there's another company that is much better than them and also looking to get acquired and insist their people are better when I push back on it, I'd be extremely cautious about going forward as planned. It may not be that the other company really is that good, but if the CEO is so comfortable underselling their own team, that suggests the company is not as attractive as initially thought. Especially in a space where hype is the norm.