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Originally Posted by jms62
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I agree that it is preposterous. But wealthy people will often times way overpay for something they really want. Steve Balmer is worth $20 billion. It's not going to change his life whether he pays $1.3 billion vs $2 billion.
The $2 billion figure could be a little high but I think it will be in that ballpark. It could end up being more in the $1.7-$1.8 billion range. The price is obviously always higher when you have a bidding war (just like at the horse sales).