This might not have been a 10x acquisition.
EDIT: The Information is saying the price was $300M + bonus, and a 50% drop from the valuation in 2016. https://www.theinformation.com/briefings/4fbc4a
They are literally setting money on fire.
I suspect that actually it was closer to 75-150 range.
This might not have been a 10x acquisition.
EDIT: The Information is saying the price was $300M + bonus, and a 50% drop from the valuation in 2016. https://www.theinformation.com/briefings/4fbc4a