Ann: S&P DJI Announces March 2021 Quarterly Rebalance, page-102

Thanks for your comments

There certainly could be an offer at 4 billions. Why not ?

Such a price could be reached through an auction process behind closed doors. And that will be for the intellectual property and not for the company, because ASIC will not agree with a takeover going through a private auction.

A private auction has many advantages :
- Sharholders are not in the process (they will only vote at the end) . So no risk of seeing the company go for half a billion.
- The money is received by 4DS, not by shareholders, so it is easyer to substract the bonus from the payment received.
- Also it is probably easier to control the diffusion of very confidential data.

It is probably the easiest way to sell the technology.
I just dont think it could reach many billions. The time to a market success seems to long for such a price.
But with the tsunamy of cash that is engulfing the world out of central banks, why not ?