truthertech said:
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Of course it doesn't work that way. If, for the sake of argument, Sprint grossly overpaid for a portion of Tidal, it doesn't necessarily follow that value is imputed to the whole.
You have a misunderstanding about business valuations. The valuation Sprint put on the company doesn't mean that subsequent potential investors will decide that Tidal is now worth $600 million. Indeed, subsequent investors may decide it is worth less now that Sprint, with losses of billions of dollars,is effectively majority owner.
Put in lay terms, if you sell a third interest in your 1994 Ford Focus to your crazy uncle for $100k, it doesn't mean you are now driving around a car worth $300K. In fact, since your crazy uncle now owns part of it, it will likely be worth even less to future buyers.