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Doug Burgum: “We did an all stock deal. Stock for Stock. It was 1.1 share…”

Featuring: Doug Burgum, Republican | U.S. Secretary of the Interior | National

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Published | Video Starts at 40:43

I mean Redmond was number one, Fargo was number two. They didn't have any place else that had. Amazing. So we, we. So then I, I stayed at Microsoft because we, We did an all stock deal. Stock for Stock. It was 1.1 share of Microsoft for one share of Great Plains. And so then all 2002 team members became Microsoft Team members retroactive to their original start date. So we were buying in versus selling out. So essentially overnight we were all stockholders. (40:43–40:52)

CLAIM

Asserts that the acquisition of Great Plains Software by Microsoft was an all-stock deal with a 1.1 to 1 share exchange ratio.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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