> Though when it comes to a buyer, hard to tell how they'll be able to get to a ... | Hacker News

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		lowmemcpu on June 25, 2020 \| parent \| context \| favorite \| on: Wirecard files for insolvency after financial hole... > Though when it comes to a buyer, hard to tell how they'll be able to get to a fair valuation given the fairytale numbers they have in their books. I always pictured the court auctioning off assets in a firesale to the highest bidder. Is that not how it works?

ricardo81 on June 25, 2020 [–]

I am not sure, I suppose an administrator may want to tear the guts out of the business and try sell off the parts of value.

Was just thinking of the people that rely on Wirecard for transactions at the moment, switching them off doesn't seem sensible for any outcome.

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