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They were valued at $6.9B just three months before Nvidia bought them for $20B, triple the valuation. That figure seems to have been pulled out of thin air.
by jsheard 9mo ago
They were valued at $6.9B just three months before Nvidia bought them for $20B, triple the valuation. That figure seems to have been pulled out of thin air.
- minimaltom 9mo agoSpeaking generally: It makes sense for a acquisition price to be at a premium to valuation, between the dynamics where you have to convince leadership its better to be bought than to keep growing, and the expected risk posed by them as competition. Most M&As arent done by value investors.
- TurdF3rguson 9mo agoMaybe it was worth the other $13.1B to make sure their competitors couldn't get them?