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FTA-TV First Dates - Part 5 - Back to the Repeats

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That sucks
Rhinehart basically spent $1B to buy 20% of the company last week at just under $3, no doubt with the knowledge her voting power would likely stop a takeover deal at $3 and the share price would then tumble. So she is on paper down about about $350M today.. Only reason I can think of in her reasoning is whilst taking the loss on paper now she can then potentially try and buy the other 80% far cheaper in a year or 2. And her sitting there with the votes stops anyone else from being interested in buying it.

I guess you do that when you are worth $25B, ****s over everyone else though. Though part of me can't help but be fascinated by the situation and cunning of the woman haha.
 

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