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Actually it failed for a bunch of reasons, and by the time Porsche had to make the takeover bid they had to offer below stock price, because they ran out of mon
by blattimwind 8y ago
Actually it failed for a bunch of reasons, and by the time Porsche had to make the takeover bid they had to offer below stock price, because they ran out of money. In the end Qatar invested a billion or two (who keeps track of small change anyway) into Porsche to reduce their billions of debts a bit and VW effectively swallowed Porsche.
IIRC in the aftermath several analysts stepped forward saying the entire approach was flawed and was extremely unlikely to work out from the outset; Porsche committed some strategic mistakes later on in the process, which did not improve things.
- qaq 8y agoFailed is a very strange way to put it considering that Porsche Automobil Holding SE controls a 52.2 percent voting stake in Volkswagen.
- ableal 8y agoInteresting, the "VW bites back and eats Porsche" take was the one passed to public perception. The car brand did get corralled into the VAG stable. A search on the phrase get confirming news like this: http://europe.autonews.com/article/20180310/ANE/180319954/vw-oversight-to-be-handed-to-younger-porsche-generation http://europe.autonews.com/article/20180310/ANE/180319954/vw...