Quote:
Originally Posted by Maggy J
Oh Hell you make him sound like another Murdoch..
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He is, if not worse.
He's a media magnate who once owned the largest US cable company. His other media assets are enormous and he is the largest private landowner in the US. He is utterly ruthless and thinks of making even more money left, right and centre. He especially likes to fianance everything with a sea of debt and doesn't pay tax.
How isn't he like Murdoch?
---------- Post added at 18:54 ---------- Previous post was at 18:40 ----------
Quote:
Originally Posted by Ignitionnet
Just as a point Liberty does not own all of Charter, it owns 26%.
I am pretty intrigued to see how Liberty Broadband, market cap $5.5 billion, acquire Time Warner Cable, market cap $41.79 billion, even with help from Liberty Global, market cap across all share classes $45.26 billion, and leveraging Charter Communications whose market cap is $20.82 billion.
I suspect a whole bunch of debt secured on the new entity alongside paying largely in shares would be the plan. It'd end up more of a merger than a full on acquisition.
Talk about having to throw the kitchen sink at the deal - Comcast is as of now valued at $150.76 billion so could've relatively comfortably assimilated TWC.
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Malone finances everything with debt, which in turn enables him to pay no tax. How exactly he will arrange this deal, I have no idea. I am as intrigued as you as to how he can keep making these deals and get away with it, but he does.
As for the point about Liberty only owning 26% of Charter. I've said in many threads that Malone has de facto control of whatever company he takes a large stake in, case in point Discovery.
I cannot prove it, but he seems to work in tandem with the Newhouse family who own another media company called Advance. Advance are a large shareholder in Discovery and Charter and the agreement they seem to have gives Malone de facto control of the companies.