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Posts: 153
In response to
"
warren buffet sells his newspaper holdings, something he backed forever despite losses -- (link)
"
by
zeitgeist
Shorter link -- (link)
Posted by
. (aka liioulu)
Jan 29 '20, 19:58
(No message)
https://www.reuters.com/article/us-lee-enterprises-m-a-berkshire/warren-buffett-gives-up-on-newspapers-berkshire-sells-unit-to-lee-enterprises-idUSKBN1ZS1YB?utm_medium=Social&utm_source=Facebook&fbclid=IwAR0-8bDaxxL-A7FtvQDiRxerGWlqM5RLCZdpnwJ6MBwRjvDuoW_i1Qqsf4I
(www.reuters.com)
Responses:
Lee bought the assets for $140 million then borrowed $576 million from Birkshire Hathaway. They're toast. -- nm
-
Mop
Jan 29, 20:01
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