M&A options’ taxation, accounting items, and rights and obligations arrangements

In Buffett’s 1999 shareholder letter (the content in italics in this article), he spent a lot of space explaining to investors the taxation, accounting items, and rights and obligations of many corporate M&A options.

Why most mergers and acquisitions end in failure?

Why most mergers and acquisitions end in failure? From a purely positive or optimistic perspective, companies must conduct mergers and acquisitions in order to achieve the following goals:

Shopify, the only rival admitted by the founder of Amazon, how does it make money?

Shopify, the only rival admitted by the founder of Amazon, how does it make money?

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