Thursday, 28 August 2014
Last updated 14 hours ago
May 14 2014 | 9:48am ET
Crispin Odey has son tough words for his former father-in-law. But while difficulties with in-laws are nothing new, this one could have repercussions for a major media merger—because Odey’s former father-in-law is Rupert Murdoch.
The Odey Asset Management chief has said that British television company BSkyB’s offer for Sky Deutschland isn’t good enough. “The current proposal, a nil-premium takeover of the minorities of Sky Deutschland, significantly undervalues the company,” the hedge fund said.
Odey Asset Management owns an 8% stake in Sky Deutschland. Murdoch’s 21st Century Fox owns 57%; Murdoch wants to unite BSkyB with Sky operations in Germany and Italy to create “Sky Europe.”
Odey was married to Murdoch’s oldest child, Prudence, for just over a year in the mid-1980s. In spite of the divorce—and his opposition to Murdoch’s unsuccessful effort to take full control of BSkyB in 2010—he and Murdoch are said to be on good terms.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...