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Curious if they used cash from their domestic or international reserves.



Will have to be US cash because Apigee is based in the US.

They can use their Euro cash in Europe for acquisitions and not pay the US taxes.

Think Microsoft / Skype. Skype was based in Luxembourg.


They could sell bonds to Draghi and get paid to acquire it tax free.


If they use international reserves then they have to pay taxes on bringing the cash to the U.S.




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