2min chapter

Wisdom From The Top with Guy Raz cover image

Sonic: Cliff Hudson

Wisdom From The Top with Guy Raz

CHAPTER

How Much Did You Put in to Buy Out Sonic?

In 1985, Sonic was in financial trouble. The company needed $10 million to buy it out. It took a year and 20 banks before they found one that would take the deal. In retrospect, the price looks stunningly cheap. "It's decades old now"

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