Prospective 2012 buyers cut DiscoverOrg's acquisition offer in half after diligence
Henry Schuck · Henry Schuck turned down $40m for 70% when he was 24 · May 2, 2022 · at 10:24
Henry Schuck, founder and CEO of ZoomInfo, recounts why he rejected a 2012 private equity buyout offer after the investors attempted to retrade the terms.
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“These guys retraded me right at the end. They said, oh, come down to San Francisco, have lunch with us. So I came down to San Francisco, and they were like, yeah, you know, there's some things in diligence we didn't like, and so we're gonna cut the deal in half. And then, in a year from now, We'll have the right to buy the other half at the same rate as what we're proposing today.”
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