Thursday, January 7, 2010

Genii Capital Bids for Saab

Genii Capital and Bernie Ecclestone, 79 and Formula One Chief Execuitve Officer, have jointly placed a bid on Saab Automotive. Ecclestone hopes to revive the brand, saying that it was "...neglected by the current owners." Genii is hoping for a quick finalization of the offer, so expect more soon.

-Anthony Alaniz
[Source: Bloomberg]

No comments:

Post a Comment