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It's for 400M in cash w/ 1.6B in Facebook stock. I feel like Facebook is really trying to get all the mileage it can out of its stock.
by turndown 13y ago
It's for 400M in cash w/ 1.6B in Facebook stock.
I feel like Facebook is really trying to get all the mileage it can out of its stock.
- malanj 13y agoYeah - it seems like Facebook thinks their stock is currently overvalued. Compare that to Warren Buffet's strategy of preferring to never use Berkshire stock in acquisitions but rather pay cash.
- loceng 13y agoBecause he knows its a smart buy and cash is worth less than the stock after acquisition. This is why Yahoo! bought Tumblr! for cash - or at least to signal this.