I mentioned about some confusion in the numbers in Airborne’s $90 million acquisition by Cybird..here’s the clarification from them:
— $60M is the cash portion for 85% of the company
— $17M is the contingent portion (to be paid upon the achievement of certain objectives)
— $13M is the value of the 15% retained by AE management and shareholders
$90M represents the value of the transaction, fully earned out, for 100% of the company. Now you know…
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