15

DOING THE DEAL

JULY 2013–NOVEMBER 2013

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This transaction makes all the sense rationally, but emotionally it gets complicated.

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THE CLOCK BEGAN ticking as soon as we signed the term sheet, loan agreements, and some other documents.

Steve Ballmer and I had shaken hands on the high-level terms of a deal, and our respective boards had given their blessing. But agreeing on a deal and making it happen in practice are two completely different things. Just because the most important terms had been laid out didn’t mean that there weren’t a multitude of ...

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