How is it that a site which hosted over 46 trillion dollars in transactions is sold for less that one billion dollars?
May 21, 2004 6:41 AM Subscribe
is an unqualified success. Built in collaboration with eight major banks, it's a trading platform to facilitate the sale of bonds and other fixed-income assets. It's hosted over 46 trillion
dollars in transactions. Yet this Reuters article
says that Thomson just acquired the platform for between 500 million and a billion dollars - which seems like an impossibly low price. How is that possible? (from the give mark-cuban-a-login department)
posted by djacobs to work & money (4 answers total)