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Also remember: he wasn't tricked by anyone. He signed the world's most iron-clad corporate acquisition contract you could for a price far above market rate rig
by XorNot 2y ago
Also remember: he wasn't tricked by anyone.
He signed the world's most iron-clad corporate acquisition contract you could for a price far above market rate right before the tech crash, and waived every single right to due-diligence which normal investors include, specifically for things like "oh what if the financials/users aren't what they seem?" or "what if the stock price substantially changes".
It was an utterly ludicrous agreement to sign (though far eclipsed by the the number of financial institutions which agreed to put up the money for it and are basically never going to get it back - though a bunch of the managers and executives losing their bonuses for it is kind of funny).