Marriott CEO: Initially dissuaded by Starwood, became more attractive

Marriott announced it is buying Starwood Hotels for $12.2 billion. Marriott CEO Arne Sorenson, discusses how the transaction happened, and the value of the combined companies. There will be a spin-off of the Starwood timeshare business.

from Mergers and Acquisitions http://ift.tt/1N6Ii9g