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The Aftermath of Munich, West Germany Olympic Games Essay

During the 1972 Olympics games in Munich, West Germany, the German officials wanted to set a different tone to the previous game where Hitler was in power, so West Germany came to the decision to limit the officers to make the image of Germany peaceful. Of course this would have lethal consequences because although Germany may have been peaceful at the time the world specifically Palestine was anything, but peaceful. A terrorist group Black September took 11 Israeli Olympic athletes hostages and in 24 all of the hostages were dead. This was a shock to the whole world and anger fleered in Israel, which the prime minster herself set up an agency, Mossad, to target those who where directly and indirectly involved. The documentary Munich:†¦show more content†¦The viewer is able to tell that the agents are at fear with their lives because not only was their whole body covered, but also their voices where as well changed. The main reason for this is because the film Munich hit a negative cord to them, â€Å"It is highly unusual for Mossad personnel to break cover, and it is an indication of their strong objections to the film that so many have chosen to go on the record†(MacAskill). In the documentary the audience is able to see a new side of the operations because of this and is able to conclude a new conclusion that may have otherwise been different if not for the new interviews. Having multiple points of views also meant having opposite opinions of Operation Wrath of God, which was the name of the operation, in one of the operation, a son of a leader of Black September talked about how his father had nothing to do with the Munich Massacre and how the targeting members was not solving the bigger problem and said â€Å"To kill people to solve a problem is just silly† (Munich: Mossad’s Revenge). Of course that was one of the biggest criticism about Steven Spielberg Film Munich, which depicted the operation about revenge, but in the documentary the agents point out it was about â€Å"Prevention and not revenge† (OBrien). And by having different views not just agents the viewer is able to depict their own point of view, but there is still anShow MoreRelated1972 Munich Olympics Essay1578 Words   |  7 Pagesinvest time and work into their reports, or do they release reports teeming with bias and unproven facts solely for money and satisfact ory ratings? The massacre at the 1972 Munich Olympics shocked the world and its citizens, and newspapers responded by producing a variety of biased reports of coverage from the attack and its aftermath. 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Five Year Anniversary of Face book’s Acquisition of Instagram

Question: Discuss about the Five Year Anniversary of Face books Acquisition of Instagram. Answer: Changes in policy Facebook essentially bought nearly 35 million users of Instagram for approximately $1 billion that is equal to over $28 for every user. Analysis of the acquisition reveals the fact that during the time of acquisition, the valuation of facebook stood at $90 billion. However, the present valuation of facebook stands at $306.4 billion that is roughly $179 per share. Essentially, in this case, valuation is necessarily the price that a specific party pays for another party, or in other words it is the value that a specific side will sacrifice in order to make the transaction work (Fracassi, 2016). As such, valuation can be considered as a combination of flow of cash as well as the time value of money. In this case, the seller firm tends to value the corporation at a price as high as possible, whilst the purchaser tends to get the lowest price possible. Amidst several criticisms as regards the acquisitions of Instagram, facebook had different ideas regarding the worth of the company. Many questioned the decision of acquiring Instagram as many people were of the view that disbursing $1 billion for a corporation that generated no revenue was not feasible. Basically, management of the firm facebook considered the future prospects of business, solid growth base, risk of the target firm and cost of capital. In a bid to understand whether a specific deal is worthwhile it is important for the acquiring firm to comprehend the price-earnings ratio as P/E for all stocks falling within the identical industry can provide acquiring firm proper guidance regarding multiple of target P/E (Grinblatt Titman, 2016). Again, the acquiring firm also need to consider enterprise value to sales value ratio as this can help in understanding the value as well as amount of debt of a corporation that necessarily needs to be returned back at certain point of ti me. The company facebook registered increase in research as well as development expenditure from $1.4 billion in 2012, $388 million in 2011 and $144 million in 2010. At the time of acquirement of Instagram that is during the year, the rate of inflation in USA was registered to be 2.07%. The inflation rate presents an overview of the American inflation that is based on the consumer price index (Bena Li, 2014). However, analysis of annual report of facebook reveals that inflation has had a material effect on the overall business, financial condition as well as outcomes of operations. However, inflation affects the capital market and hinders corporate growth and thereby adversely affects Merger Acquisition. Interest Rate enhances the cost of funding an acquisition. As the rate of interest augments, acquisition cost increases and this increased cost essentially discourages diverse acquirers from purchasing. Again at the time when Treasury rate is high, discount can be considered to be high as an acquirer can securely park money in different risk free investment with high level of interest (Greve Zhang, 2017). Finally, all the valuations is said to decrease in case if the rate of interest is enhanced. Annual report of facebook for the period 2012 shows that the effective tax rate was 89% up from 41% from 2011. In addition to this, with increase in tax, owners of firms are less probable to cash out owing to increased tax consequences from the firms sales. References Bena, J., Li, K. (2014). Corporate innovations and mergers and acquisitions.The Journal of Finance,69(5), 1923-1960. Fracassi, C. (2016).Corporate finance policies and social networks.Management Science. Greve, H. R., Zhang, C. M. (2017). Institutional logics and power sources: Merger and acquisition decisions.Academy of Management Journal,60(2), 671-694. Grinblatt, M., Titman, S. (2016). Financial markets corporate strategy.