Hacker News Reader

you're right that my math is wrong in regards to sale_price < real_company_worth - it should have been the other way around... (real_company_worth < sale_price)... I guess I needed more coffee...

max is correct though (whichever value is highest, that sets the base price).

View on HN

shareholders would rather lose only half of their investment then all of it. It's quite possible for a company to sell at a shareholder loss.

And of course, some sheareholders lost their stakes in this sale.

> Because the company’s obligations to its preferred shareholders exceeded the sale price, investors won’t be paid out in full, according to a document reviewed by Bloomberg.

Reply on news.ycombinator.com