“Chernin’s offer was $1.9 billion. We offered $2.3 or $2.4 billion… let’s just take it off the table in one fell swoop”

David Senra · Channeling Rage, Rolling Calls & Building an Entertainment Empire | Ari Emanuel, WME & TKO

Play from 33:11
33:11

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What was described

Submitted a decisive $2.3-$2.4 billion offer for IMG instead of incremental bidding

$1.9 billion competitor offer, $2.3-$2.4 billion final offer

Said nearby on the same subject

“Marc sent Buffett's assistant a message… his phone rang and it was Buffett… they submitted an offer of around $10 billion.”
MS
Marc Stad
Buyers and Builders ·
How they work $10 billion offer submitted; final combined transaction valued at $12 … Share this moment
“I take the asking price… subtract 40 %… that would be my offer price… train your agent to do that… submit a verbal offer”
HW
Henry Washington
BiggerPockets Real Estate Podcast ·
Why it worked 40 % discount on asking price Share this moment
“…you go around the room… three assets… bid increments… someone can stop and say like either pass and then they're out… you can ask for like 10 minutes… sometimes they'll go way over the minimum to try to anchor it high.”
HR
Heidi Robinson
Run the Numbers ·
How they work Share this moment
“If interest rates simply stay where they are for the next 12 months, the government will have to pay an incremental $500 billion in interest expense”
♫
Said on Closing Bell
Hard number $500 billion Share this moment

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