M&A: Price vs Value with Aswath Damodaran
Through the end of September ’16, we’ve seen a number of high-profile tech M&A deals: Microsoft’s acquisition of Linkedin, Unilever’s acquisition of Dollar Shave Club, and Walmart’s acquisition of Jet.com. The largest US tech companies (Apple, Google, etc.) have plenty of cash to spend, so perhaps this trend will continue. Either way, the current cycle has produced plenty of valuation debates. Here is NYU Professor Aswath Damodaran to remind everyone that price does not equal value:
PwC talks to Professor Aswath Damodaran
Price vs value, reinvestment of capital and the importance of value measurement for striking the right deal are topics which come up often in valuations and M&A transactions. Milhan Baig from PwC talks to Professor Aswath Damodaran, a world renown author and valuations guru, to get some of his thoughts around these topics.