Deal Autopsies
Famous deals, taken apart. We rebuild real transactions from public sources, so you can test the price for yourself.
The autopsies
Autopsy No. 1 · 2018
Walmart's $16 billion bet on Flipkart
Walmart bets on India's online shoppers. Was a loss-making start-up worth the price?
Read the autopsy- Price paid
- $16bn
- Stake bought
- 77%
- Implied value
- $20.8bn
Announced 9 May 2018
Autopsy No. 2 · 2016
Microsoft's $26.2 billion bet on LinkedIn
Microsoft pays half as much again as the market's price for the professional network. What was it buying?
Read the autopsy- Price paid
- $26.2bn
- Stake bought
- 100%
- Implied value
- $26.2bn
Announced 13 June 2016
2014Coming soon
Facebook and WhatsApp
How do you price an app whose users matter more than its revenue?
Messaging
2017Coming soon
Amazon and Whole Foods
Why would an online retailer buy a chain of grocery stores?
Grocery
2006Coming soon
Google and YouTube
What is a video site with no profits worth to the company that runs search?
Online video
Rebuilt from the record
Filings, press releases and reporting from the time. Every number says where it came from.
Worked, not asserted
Returns, multiples and valuations are calculated in front of you, step by step.
Yours to argue with
Move the assumptions, download the model, and decide whether the price made sense.