Was a Weekend Enough for Facebook's M&A Due Diligence?

, Corporate Counsel

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Facebook Inc. attorneys had just one weekend to conduct due diligence ahead of a more than $2 billion acquisition of virtual reality developer Oculus VR. Is that enough time?

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  • Yang Yen Thaw

    Excellent wrap. As a GC, I faced the situations all through last year in a listed company in Europe. If management does not agree, your choice is only to put in your objections, ensure appropriate qualifiers, qualified reps & warranties, apart from indemnification, all of which I did. So far, so good, though thoroughly imperfect. Sometimes, you do the best you can under the circumstances. If your advice goes unheeded and business goes beyond acceptable risk, then you know what to do.

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