Quote:
Originally Posted by denphone
Not as far as l know Marty but perhaps someone with a greater knowledge might know more.
---------- Post added at 16:52 ---------- Previous post was at 16:51 ----------
All big companies have quite considerable debts and this is no different in many respects.
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Probably why world is mess due to these type takeovers with nothing more than fresh air debt. Banks must love these takeovers. Crikey whats stop cableforum getting 40bn loan buying liberty if found bank stupid enough. Whats to stop small business making a lost killing competitor down the road with collateral debt buyout.
Sounds to me another case like man utd. Globalisation will be death of capitalism if keeps using debt to hoover up companies..
I think malone seen VM as great way using it portfolio solid brand name to clear significant debt liability off liberty books. Was liberty in trouble so moving 3bn debt across makes liberty balance sheet better. I am no doubt few bones will be chucked ocassions to keep customers happy. He has too else it losses turnover.
Some will say we should not be wery comets fiasco says we should question every takeover more than we do.