Porsche Buying Up More of VW – AutoAnything


Porsche has been picking up a lot of Volkswagen shares since 2005. As of April 2007, Porsche had more than a 30% stake in The Volkswagen Group. Although it tried to purchase a controlling stake in 2007, few were willing to sell their beloved shares for the price Porsche offered (read: low-ball offer). This year, however, Porsche made an offer that the VW exec’s couldn’t refuse. Although all the paperwork and legal drama has yet to unfold, it looks as though The VW Group will soon be under new ownership for a dazzling $15.73 billion dollars.

Source: Reuters

Advertisements

One response to “Porsche Buying Up More of VW – AutoAnything

  1. Pingback: Porsche Buying Up More of VW - AutoAnything

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s