Audible Deal: Amazon Got 8% Off Asking Price

Paidcontent reads through the tender offer re: Amazon’s pending deal to purchase Audible. Best nugget: Last year Allen & Co.,  Audible’s banker, told the audio book company’s board it was worth $12.50 a share, but got no offers. Amazon paid $11.50 per share- an 8% discount off the original ask, and a 24% premium over Audible’s shares on the day the deal was announced.

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