Tuesday 30 June 2015

Sunday review on a Tuesday

Apologies for the delayed Sunday newspaper review Betavillers - I was away this weekend.

Anyway, I see that The Sunday Times business section was once again packed with several juicy deal-related scoops, including Oliver Shah's piece on Grainger and Crystal Amber, which was confirmed yesterday by the property company.

Dan Dunkley's front page tale about Sky and Liberty joining the race for CVC's stake in Formula One also caught my eye. Here is a link to Dan's article:

http://www.thesundaytimes.co.uk/sto/business/Companies/article1574247.ece

I'm sure Dan is on the money but my corporate financier who knows the car racing industry well reckons Formula One will eventually be bought by car giant Fiat Chrysler, which itself is in the process of spinning of luxury car brand Ferrari.

And I recall when News Corporation (the biggest shareholder in Sky and now called 21st Century Fox) looked at buying Formula One in 2011 (revealed by Mark Kleinman of Sky News and subsequently confirmed by both companies), the broadcasting group teamed up with Exor, the Agnelli family trust that owns a significant stake in Fiat Chrysler.

Below is a link to that piece by Mark, a former colleague from time at The Daily Telegraph. 

http://news.sky.com/story/853779/f1-bid-news-corp-and-exor-speed-up-talks

So, I suspect my man's theory might, well, turn out to be more than just a theory...

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