• Volkswagen takeover of Porsche finally official after $5.61 billion stock deal

    This on again off again Volkswagen takeover of Porsche is finally taking place after some creative Porsche financial maneuvering saved almost $2 billion in taxes. With that extra $2 billion put toward the deal it allows Volkswagen to purchase the 50.1% of Porsche stock it does not already own for the sum of $5.61 billion. Porsche and VW stocks shot up on the news making this a lucrative deal for everyone involved. VW will officially take control August 1st and the long back and forth saga finally comes to an end.


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    This article was originally published in forum thread: Volkswagen takeover of Porsche finally official after $5.61 billion stock deal started by Sticky View original post
    Comments 9 Comments
    1. singletrack's Avatar
      singletrack -
      Will be very interested to see how these two companies get along long term. Does not appear to be a match made in heaven to me.
    1. Sticky's Avatar
      Sticky -
      Click here to enlarge Originally Posted by singletrack Click here to enlarge
      Will be very interested to see how these two companies get along long term. Does not appear to be a match made in heaven to me.
      It's a perfect match IMO. They have already been working close together and sharing platforms. It's just official now.
    1. singletrack's Avatar
      singletrack -
      Click here to enlarge Originally Posted by Sticky Click here to enlarge
      It's a perfect match IMO. They have already been working close together and sharing platforms. It's just official now.
      My understanding is that there were a lot of hurt egos on the Porsche side. May or may not make a difference long term. In terms of technology and positioning, no question it is a good match. I wonder how the cultures will mesh, which is always more difficult in my experience.
    1. Sticky's Avatar
      Sticky -
      Click here to enlarge Originally Posted by singletrack Click here to enlarge
      My understanding is that there were a lot of hurt egos on the Porsche side. May or may not make a difference long term. In terms of technology and positioning, no question it is a good match. I wonder how the cultures will mesh, which is always more difficult in my experience.
      The guy who failed at Porsche to acquire VW is gone. So I think they moved past it. We will see, this was inevitable.
    1. Sorena's Avatar
      Sorena -
      WTF Volkswagen isn't taking over of?
    1. fastgti69's Avatar
      fastgti69 -
      VAG is one of the sickest car groups of all time. Quality and performance comes in those cars.
    1. Sticky's Avatar
      Sticky -
      Click here to enlarge Originally Posted by fastgti69 Click here to enlarge
      VAG is one of the sickest car groups of all time. Quality and performance comes in those cars.
      Everyone loves VAG.
    1. singletrack's Avatar
      singletrack -
      Click here to enlarge Originally Posted by fastgti69 Click here to enlarge
      VAG is one of the sickest car groups of all time. Quality and performance comes in those cars.
      Eh...I had an 00 A6 2.7T - piece of $#@!. Wife had a 02 A4 1.8T - also piece of $#@!.

      Cool cars, but in my personal experience, the reliability was terrible. New ones might be better...dunno.
    1. thegreatscott's Avatar
      thegreatscott -
      Spammer, banned.