Volkswagen Seeks 49.9% Porsche Stake in $5.8 Billion Deal external link

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wot.motortrend.com | Tue, Oct 20

Volkswagen has announced that it will take a 49.9% stake in Porsche AG at an estimated cost of 3.9 billion euros ($5.8 billion) in an initial step to integrate the sports car maker with the Volkwagen automotive group. The...

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1 mainstream media and 3 bloggers weighed in on a similar topic

Thumbnail Today, Alex Ricciuti from WorldCarFans says (in VW Approves Porsche Merger) VW board agrees on final details to buy a 49.9 percent stake in Porsche AG by the end of this year. The company will complete a merger with Porsche AG parent company Porsche Automobil Holding SE by 2011.

Yesterday, just-auto.com says (in GERMANY: VW board approves Porsche tie-up) Volkswagen's supervisory board has approved the contracts and final details for a staged takeover of Porsche.

3 Months Ago, Jil from CanadianDriver says (in VW and Porsche to merge into single company) Volkswagen AG has agreed to buy a 42 per cent stake in Porsche, with the two companies merging into an integrated company by the end of 2011.

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