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Since inception this lodging marketplace (note 1) has enabled 825 million guest stays in over 200 countries with a cumulative bookingvalue of more than $110 billion. Everybody has known that for awhile, even without perusing a prospectus.
When a company acquires another business, they often pay a lot more than the bookvalue of the company. That’s because the parties that acquire companies look at more than cash value; they look at other less tangible characteristics that make a company worth money. By Venkat Ramasamy, COO, FileCloud.
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