Microsoft offered Tellme Networks an acquisition term sheet for $800M
Emil Michael · Emil Michael: How I Negotiated the $4B Uber-China Deal, Why DoorDash Caught Up to Uber | 20VC #941 · 20VC with Harry Stebbings · Oct 25, 2022 · at 9:17
Emil Michael, former executive at Tellme Networks and CBO at Uber, describes securing a $800 million term sheet from Microsoft CEO Steve Ballmer in 2007.
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“By the end of the weekend, three days later, I had a term sheet for seven hundred sixty million dollars. Plus the cash and imbalances. So just about eight hundred million dollars.”
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