Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
13 Jun 2023 Acquired Uber CEO Dara Khosrowshahi
“The deal hadn't closed yet. I think there was some material adverse change clause.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 13 Jun 2023
- Publisher
- Acquired
- Episode
- Uber CEO Dara Khosrowshahi
Transcript context
…Yeah, we bought Microsoft's stake. Microsoft decided it's non-core. We bought Microsoft controlling stake. Expedia was a public company, but we had a control position. At some point, we decided, hey, let's bring in the whole thing, because we loved what Rich and team were building. This being Acquired and us wanting to dive into a story, there's one moment in particular that was pretty insane. The term sheet was signed for IAC to buy Expedia before September 11th, earlier in 2001. The deal hadn't closed yet. I think there was some material adverse change clause. Mac clause, they called it. Yes.…
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