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BY 新唐人電視台
![](https://photo.tg-me.com/u/cdn4.cdn-telegram.org/file/oqaoXiW1fchvtEfqeqrgP5ZbKpoliE3vcxWWz3LM7ab7nfidnwvBNiFxp38p2zcsLYXS3PZuZYjTU1EKIUTDXTWp9sKSrc8tKPq1dWFDpA_R9SJhcLeRDKjoOeGar6IGuaDX1boScI5oZxU1RgXaun4kEYf_khPyaJEYHgxLNPG0IMGSTox3YzCqAOt6O8y0ExL_J5z_6hJdNQQ9n_0U7mtJBu8hXjP2TPlDpLf5iBbUtuNpFOnacAM02InjwVLdZk09gEQQy-WWARWf6P-EKiWf1Hwl2r0wJQvmUvvC_NGOdlSQEdyqEjmRziWOCjRWddk2oAbl33SuG9xWR3x-gg.jpg)
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BY 新唐人電視台
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
新唐人電視台 from vn