Outright Purchase
定义
An outright purchase is an acquisition where the buyer pays the full agreed price at closing, in cash, stock, or a mix, with no portion held back for an earnout or future milestones.
它在融资中如何出现
Founders generally prefer an outright purchase over an earnout-heavy deal because it converts the sale into certain, immediate value instead of payments contingent on hitting future targets.
常见问题
Why would an acquirer prefer an earnout over an outright purchase?
To bridge a valuation gap, share risk if the target’s growth is unproven, and keep the founding team financially motivated through integration.
Is an outright purchase always better for the seller?
Usually for certainty, though a well-structured earnout can pay more in total if the acquired business performs well after closing.