The price of $12.5B is prior to discounting the $3B+ in cash the MMI is holding. A lot of emphasis is placed on the '$12.5B' value in this article, without taking into consideration that this is really 25% higher than the effective price of $9.5B, once you back out the cash.
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The price of $12.5B is prior to discounting the $3B+ in cash the MMI is holding. A lot of emphasis is placed on the '$12.5B' value in this article, without taking into consideration that this is really 25% higher than the effective price of $9.5B, once you back out the cash.