Quote:
Originally Posted by Bogof
BskyB has zero set liability and makes £1billion profit per year hence news corp and various other company's would love to own it.
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My bad - should have said News Corp not BSkyB but even BSkyB has net debts (£1201m @ Dec 2012 up from £876m @ Jun 2012 - figures taken from their own First Half Results dated 2013) ~ incidently they made £647m profit not £1billion as you stated (same source)
---------- Post added at 17:56 ---------- Previous post was at 17:54 ----------
Quote:
Originally Posted by Horizon
Perhaps I am just thick, but I agree with you bogof. The inner workings of the City are beyond me, even though I worked there all my life!
Debt is debt.
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I think the rationale is ~ it's always better to do business with somebody else's money