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Google Paid $1 Billion More For YouTube Than It Thought The Site Was Worth
- zaidf 17y agoVery wise words for anyone negotiating an acquisition: In the deal dynamics, the price, remember, is not set by my judgment or by financial model or discounted cash flow. It’s set by what people are willing to pay.
- orblivion 17y agoYeah, I'm not even sure what else it could possibly mean. Perhaps they thought that other companies would probably pay a billion dollars less, but they upped their offer by this much just in case? That's the only way I could make sense of this.
- fizx 17y agoI often wonder how much of the big-company dynamics (especially overhiring and personnel inefficiency) are driven by the desire to impact competitors.