OYO Spent $525 Million to acquire a Hotel Chain called G6 Hospitality. G6 has an network of over 1500 hotels in US and Canada and generates an revenue of about $1.7 Billion.
What do you think about this move?
One thing is that this was a All Cash deal and G6 was Aquired from Blackstone. So may Blackstone was looking for an exit and OYO's all cash deal worked well for them.
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I watched fewer episodes of Shark Tank, most founders optimised for equity, sharks but not cash
If someone wants to do a combined deal or wants more equity ask for a little bit more cash-only "cash" increases your runway and chances of succeeding.
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LIKHITH
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Welcome to BUSINESS STORIES
Ep-1
You might have heard the name BLACKROCK
But do you know the origin story ?
Read this out
āINTRODUCTION ā
BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub