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> * Breakup fee that penalizes them for walking away.

This is pretty standard, especially when there are regulatory concerns. AT&T ended up shelling out more than $1B when the T-Mobile deal fell apart.



But what about the typical run-of-the-mill startup scenario where you're doing minimal to some small revenues and the potential acquirer is either a competitor or a larger company? Are breakup fees common in these single to low double digit $M acquisition scenarios?


Understand that "common" is a made up concept here. Every acquisition is different. You get what you demand here.




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