Wednesday, October 25, 2006

Is That ALL it Went For?

BT Buys Counterpane For £21.3m

Less than the total of VC cash put in? How miserable is that?

2 comments:

  1. Anonymous12:18 PM

    That's about 2x sales, which for a low growth MSS is probably pretty fair.

    It's also going to clearly be less than invested capital. Counterpane got going in the go-go days, so there is no way they were going to return big dollars.

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  2. Anonymous3:02 PM

    It actually went for a bit more than is being reported. Around 4x sales...

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