2 ms·
> I wonder if anyone can point to previous examples of a company paying to have a division acquired? Siemens paid BenQ for absorbing their mobile phone busines
by currysausage 12y ago
> I wonder if anyone can point to previous examples of a company paying to have a division acquired?
Siemens paid BenQ for absorbing their mobile phone business (Siemens Mobile became BenQ Mobile, using the BenQ-Siemens brand).
One German news article [1] says that Siemens subscribed for new BenQ shares worth 50 million euros, while BenQ didn't have to pay anything (final paragraph).
Another article [2] states that Siemens agreed to pay 400 million euros to BenQ by installments, but held back the last installment of 117 million euros following BenQ's shutdown of BenQ Mobile in Germany (second paragraph).
[1] http://heise.de/-107908 http://heise.de/-107908 or https://translate.google.com/translate?sl=auto&tl=en&u=http%3A%2F%2Fheise.de%2F-107908 https://translate.google.com/translate?sl=auto&tl=en&u=http%...
[2] http://heise.de/-131172 http://heise.de/-131172 or https://translate.google.com/translate?sl=auto&tl=en&u=http%3A%2F%2Fheise.de%2F-131172 https://translate.google.com/translate?sl=auto&tl=en&u=http%...