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Guest Message by DevFuse


Malone Tests A Family's Ties

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#1 OFFLINE   Richard King

Richard King

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Joined: Mar 25, 2002

Posted 15 March 2005 - 01:36 PM


But, then again....

Industry watchers say a chunk of that financing will come from Malone, predicting that Malone and Dolan will team up for a joint venture to acquire Voom from the Cablevision stable. Sources say Dolan will likely borrow against his shares, and Malone, who's worth $2 billion, will tap his deep lines of credit....

Malone, a tech savvy cable pioneer who sees the same potential riches in Voom, is ready to invest billions, say industry sources.

Some investment bankers say Malone will pony up as much as $5 billion, depending on which Cablevision assets he would pick....

One scenario in discussion, say bankers, is that Malone would wind up with about 40 percent of the new Voom....

The Pump Don't Work 'cause the Vandals Took the Handles.

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