4 ms·
> A 9-figure acquisition sounds like a lot, but consider that this is less than 0.05% of JP Morgan's market cap. It's far less about the percentage of JPMC's m
by jjgoldman 3y ago
> A 9-figure acquisition sounds like a lot, but consider that this is less than 0.05% of JP Morgan's market cap.
It's far less about the percentage of JPMC's market cap, and more about the fact that a competent due diligence effort would cost less than $250k, which is insignificant against the cost of the acquisition.