BILLIONAIRE ROBERT F. SMITH SELLS CYBERSECURITY COMPANY TO IBM FOR $4.6 BILLION
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 10 July 2023
⏱️ 12 minutes
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Summary
🚀 In this video, we dive into the remarkable deal where billionaire Robert F. Smith sells his cybersecurity company to IBM for a whopping $4.6 billion! 🤯 Discover how Smith, the founder of Vista Equity Partners, became a trailblazer in the tech industry and how this acquisition positions IBM at the forefront of cybersecurity solutions. We'll also explore what this deal means for the tech industry and discuss Robert F. Smith's journey from a chemical engineer to becoming one of the wealthiest African-American entrepreneurs. 💡 Don't miss the
insights and analysis! #RobertFSmith #IBM #Cybersecurity
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Transcript
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| 0:37.6 | Congratulations to the great Robert Smith who sold a company for $4.6 billion. |
| 0:49.5 | It was a cyber security company name Pat Teo. |
| 1:02.3 | Microsoft Purchase C, right? |
| 1:03.9 | IBM. |
| 1:05.1 | IBM? |
| 1:06.3 | Okay. |
| 1:07.5 | No, IBM Purchase. |
| 1:08.7 | 4.6. |
| 1:10.7 | He made a lot of money on that transaction. |
| 1:16.5 | Let's break this down how this works quickly. |
| 1:19.6 | It wasn't that he sold his company. |
| 1:22.4 | I saw a lot of people that was a little confused in the comment section saying they |
| 1:26.4 | should be selling our companies. |
| 1:28.6 | For $4.6 billion, yes, you should. |
| 1:32.4 | Yes, you should. |
... |
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