“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 ·
David Senra · Channeling Rage, Rolling Calls & Building an Entertainment Empire | Ari Emanuel, WME & TKO
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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
“Marc sent Buffett's assistant a message… his phone rang and it was Buffett… they submitted an offer of around $10 billion.”
“I take the asking price… subtract 40 %… that would be my offer price… train your agent to do that… submit a verbal offer”
“…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.”
“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”
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