Five Overpriced Acquisitions That Were Smart Deals
You know how it goes. Some billionaire or corporate conglomerate throws out a huge bid for a business acquisition that everyone is certain is way over the top. Itâ€™s impossible such an outlandish offer could be profitable or even justified based on the subject entity. From the LA Clippers $2 billion sale to the next windfall for a teenage phenom who creates a gimmicky phone app; it seems as if one of these big-dollar offers hits the press every week.
Regardless of how outlandish the offer might be, sometimes overkill does pay off. Inc.com looks at five huge deals that everyone scoffed at in the beginning that eventually ended up being smart moves for the buyers.