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clock Created with Sketch. 21/02/18
09:05
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Originally posted by Thanky
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There was also an asymmetry in the negotiating position. The agreement was drafted when the share price was low. Then after almost a year or due diligence the deal goes through. By this point BIG is growing super fast and is starting to grow very fast in the USA. Tipsly would have known (given due diligence went well) that BIG needed the app.
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Agree that a ceiling price would be a smart tactic but I don't think they expected the growth rate that they have achieved, which is why it may not have been considered.
