Billions of dollars free and clear, you'd have to be an idiot to turn down the d... | Hacker News

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colinplamondon on Oct 20, 2008 | parent | context | favorite | on: Rules for startups

Billions of dollars free and clear, you'd have to be an idiot to turn down the deal he got from Yahoo.

steveplace on Oct 20, 2008 [–]

Pretty sure it wasn't free and clear... he got YHOO stock out of it. But he was smart by hedging against downside using stock option synthetics.

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