A key tool in dealmaking: the earn-out
An earn-out structure is a corporate finance tool that is critical when negotiating deals. Put simply, an earn-out adjusts the purchase price for a company based on the achievement of future financial milestones. Technically, there can be non-financial milestones as well. I haven’t advised on such a deal myself, but I can easily imagine a situation in a venture capital …
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Solving Sino: Towards Common Prosperity
In the latest instalment of the “Solving Sino” series, in which The Creative Accountant is getting to grips with the CCP and how things operate in China, he looks at how Big Tech firms in China are having to contribute towards the social priorities that have been identified by the government. “We cannot let an unbridgeable gulf appear between the …
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Nike vs. Foot Locker
I love Twitter. If you are serious about growing your investing knowledge and skills base, you would be nuts not to be on Twitter. The FinTwit community is outstanding and the amount of information and analysis available is incredible. It also gives me a great platform to really engage with my readers and followers. For example, I enjoyed this question …
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Nike vs. Foot Locker
I love Twitter. If you are serious about growing your investing knowledge and skills base, you would be nuts not to be on Twitter. The FinTwit community is outstanding and the amount of information and analysis available is incredible. It also gives me a great platform to really engage with my readers and followers. For example, I enjoyed this question …
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Solving Sino: China Goes Long
This conversation, from Ernest Hemingway’s novel ‘The Sun Also Rises’, is the perfect analogy for how the pace of Chinese regulation has increased in the past year: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.” At first, Ant Group’s halted IPO and restructuring raised eyebrows. Alibaba’s $2.8bn fine definitely had many sitting up in …
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Corsair: cheaper than (the) chips
- Global
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Activision Blizzard, AMD, Corsair, Electronic Arts, esports, Gaming, Nintendo, Nvidia, Sea, Tech, Tencent
- August 7, 2021
Long-time readers of The Finance Ghost will know that I’m a fan of the gaming and esports theme. Our lives are going one way and one way only: more digital. The severe lockdowns last year only accelerated this theme. People were forced to stay home and stay safe. They also needed to stay entertained. It’s perhaps an arbitrary data point, …
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Corsair: cheaper than (the) chips
- Global
-
Activision Blizzard, AMD, Corsair, Electronic Arts, esports, Gaming, Nintendo, Nvidia, Sea, Tech, Tencent
- August 7, 2021
Long-time readers of The Finance Ghost will know that I’m a fan of the gaming and esports theme. Our lives are going one way and one way only: more digital. The severe lockdowns last year only accelerated this theme. People were forced to stay home and stay safe. They also needed to stay entertained. It’s perhaps an arbitrary data point, …
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Metaverse Mania in Big Tech
So here we are, Q2 earnings season in the United States. As much as investors are interested in how the companies performed between April and June, they’re a lot more interested in what the companies have planned for the future. It’s also a rare opportunity for CEOs to have the full attention of investors. And these days, especially for Big …
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Metaverse Mania in Big Tech
So here we are, Q2 earnings season in the United States. As much as investors are interested in how the companies performed between April and June, they’re a lot more interested in what the companies have planned for the future. It’s also a rare opportunity for CEOs to have the full attention of investors. And these days, especially for Big …
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Domino’s: this share price has all the toppings
For South Africans, Domino’s Pizza is associated with business failure. Taste Holdings operated the brand in this country under a master franchise agreement and it simply didn’t work. They couldn’t even sell the operation last year; it was put into voluntary liquidation and the assets were auctioned off. It was a sad and sorry end to the Scooters Pizza brand, …
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