"Opening bids from a coterie of buyout firms — one of them reportedly Apollo Global Management — came in at around 3.5 times DirecTV’s roughly $4.5 billion of Ebitda, implying a valuation at around $15.75 billion" They paid $67B for it
Replying to @modestproposal1
I would simply have a more liquid order book for more efficient price discovery
2:54 PM - 6 Oct 2020
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