Deal Teardowns

Deals, Taken Apart

Real announced M&A deals, dissected one at a time: the price and multiple paid, the financing mix, the accretion/dilution math, and a verdict with dated, checkable milestones. Separate from the stock pitches — a pitch asks whether to own the stock; a teardown asks whether the deal itself made sense. Each one comes with the step-by-step for building your own.