<div dir="ltr">But an LBO has never occurred like that in tech, has it?</div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Oct 22, 2019 at 3:42 PM Dan Rosenbaum via Ipg-smz <<a href="mailto:ipg-smz@netpress.org">ipg-smz@netpress.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_-6321197255213891997WordSection1"><p class="MsoNormal">It sounds to me like you’re describing a classic leveraged buyout, where a smaller company uses a bigger company’s assets or cash to buy it. The classic case was RJR Nabisco.<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><p class="MsoNormal">d<u></u><u></u></p><p class="MsoNormal"><u></u> <u></u></p><div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(181,196,223);padding:3pt 0in 0in"><p class="MsoNormal"><b><span style="font-size:12pt;color:black">From: </span></b><span style="font-size:12pt;color:black">Ipg-smz <<a href="mailto:ipg-smz-bounces@netpress.org" target="_blank">ipg-smz-bounces@netpress.org</a>> on behalf of "Perlow, Jason via Ipg-smz" <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br><b>Reply-To: </b><<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br><b>Date: </b>Tuesday, October 22, 2019 at 3:28 PM<br><b>To: </b>IPG List <<a href="mailto:ipg-smz@netpress.org" target="_blank">ipg-smz@netpress.org</a>><br><b>Cc: </b>Jason Perlow <<a href="mailto:jperlow@gmail.com" target="_blank">jperlow@gmail.com</a>><br><b>Subject: </b>[Ipg-smz] Asymmetrical Mergers<u></u><u></u></span></p></div><div><p class="MsoNormal"><u></u> <u></u></p></div><div><p class="MsoNormal">Does anyone know, historically, of a merger between two companies where the valuation was highly asymmetrical? Such as when you might have a company that is worth $1000B, but wants to merge with a company that is worth $100B? They don't have the assets to buy it outright, but it would be a beneficial marriage.<u></u><u></u></p><div><p class="MsoNormal"><u></u> <u></u></p></div><div><p class="MsoNormal">I am going by this list and I cannot find any that are comparable.<u></u><u></u></p></div><div><p class="MsoNormal"><u></u> <u></u></p></div><div><p class="MsoNormal"><u></u> <u></u></p><div><p class="MsoNormal"><a href="https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions" target="_blank">https://en.wikipedia.org/wiki/List_of_largest_mergers_and_acquisitions</a><u></u><u></u></p></div><div><div><p class="MsoNormal"><u></u> <u></u></p></div><p class="MsoNormal">-- <u></u><u></u></p><div><div><div><div><div><div><div><div><p class="MsoNormal"><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(51,51,51)">JASON PERLOW</span></b><u></u><u></u></p></div><div><p class="MsoNormal"><span style="font-family:Arial,sans-serif;color:rgb(51,51,51)">Sr. Technology Editor, ZDNet</span><u></u><u></u></p><table border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt"><tbody><tr><td valign="top" style="padding:0in"><p class="MsoNormal"><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(95,95,95)">Voice/Text (561)510-0063<br><a href="mailto:jperlow@gmail.com" title="[GMCP] Compose a new mail to jperlow@gmail.com" target="_blank"><span style="color:rgb(51,51,51)">jperlow@gmail.com</span></a><br></span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(70,107,176)">ZDNet Tech Broiler: </span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(95,95,95)"><a href="http://www.techbroiler.com/" target="_blank"><span style="color:rgb(51,51,51)">www.techbroiler.com</span></a></span></b><span style="font-size:8.5pt;color:rgb(95,95,95)"><br></span><span style="font-size:8.5pt;font-family:Arial,sans-serif;color:rgb(70,107,176)"><br></span><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(70,107,176)">Socialize Me:</span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(95,95,95)"> </span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(102,102,102)"><a href="http://www.twitter.com/jperlow" target="_blank">Twitter</a> | <a href="http://www.instagram.com/jasonperlow" target="_blank">Instag</a><a href="http://www.instagram.com/jasonperlow" target="_blank">ram</a> | </span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(95,95,95)"><a href="https://www.facebook.com/techperlow" target="_blank">FaceBook</a></span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(102,102,102)"> | </span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(95,95,95)"><a href="http://www.linkedin.com/in/jasonperlow" target="_blank">LinkedIn</a></span></b><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(102,102,102)"> | </span>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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div><font face="arial, helvetica, sans-serif"><b style="color:rgb(51,51,51)"><span style="font-size:13px">JASON PERLOW</span></b><br></font></div><div dir="ltr"><font face="arial, helvetica, sans-serif"><span style="color:rgb(51,51,51)">Sr. Technology Editor, ZDNet</span><br></font><table style="border:0pt none;table-layout:auto;white-space:normal;color:rgb(95,95,95);width:650px;font-size:11px" cellpadding="0" cellspacing="0" width="650px"><tbody><tr><td style="vertical-align:top" width="400px"><font size="2" style="font-family:arial,helvetica,sans-serif"><b>Voice/Text (561)510-0063<br><span><a href="mailto:jperlow@gmail.com" title="[GMCP] Compose a new mail to jperlow@gmail.com" rel="noreferrer" target="_blank"><font color="#333333">jperlow@gmail.com</font></a></span><br><span><span style="color:rgb(70,107,176)">ZDNet Tech Broiler: </span><a href="http://www.techbroiler.com/" target="_blank"><font color="#333333">www.techbroiler.com</font></a></span></b></font><br><span style="font-family:arial,helvetica,sans-serif;margin-left:0px"><span style="color:rgb(70,107,176)"><br><b><font size="2">Socialize Me:</font></b></span><b><font size="2"> <font color="#666666"><a href="http://www.twitter.com/jperlow" target="_blank">Twitter</a> | </font><font color="#666666"><a href="http://www.instagram.com/jasonperlow" target="_blank">Instag</a></font><font color="#666666"><a href="http://www.instagram.com/jasonperlow" target="_blank">ram</a> |</font><span style="color:rgb(102,102,102)"> </span><a href="https://www.facebook.com/techperlow" target="_blank">FaceBook</a><span style="color:rgb(102,102,102)"> | </span><a href="http://www.linkedin.com/in/jasonperlow" target="_blank">LinkedIn</a><span style="color:rgb(102,102,102)"> | </span></font></b><font color="#666666"><br></font></span></td></tr></tbody></table><br></div></div></div></div></div></div></div></div>