Five years later, they sold it to VeriSign for $21B.
Five years later, they sold it to VeriSign for $21B.
A stake worth ~$63 billion today
That's the deal of the century (so far).
Also worth noting, SAIC did not own 100% of Network Solutions when it was bought from the public market by Verisign. SAIC had sold off a massive stake in the company by that point. They basically liquidated 80% of their ownership in Network Solutions for about three billion dollars over several years (at the IPO point, and then multiple secondary offerings). For example, it sold off 38% of Network Solutions for $765 million in February 1999 in a secondary offering, and then another 21% for $1.8 billion later.
Did it?
The deal of the century was when SAIC bought Network Solutions for $4.7M in 1995. Five years later, they sold it to VeriSign for $21B.
He couldn't see a comment on his own post because it wasn't written yet. He could only see the $4.7M which you quoted.
That's why the government was so eager to renegotiate.
4.7m to 21B is more impressive