Self-inflicted harm threat to INM future
Battered and bruised by assorted scandals, INM is now the subject of a takeover bid. But outside its cash pile, its assets are valued at bargain-basement prices
Has any European media company, with five national titles in its stable, ever been for sale at such a rock-bottom valuation as Independent News & Media? When INM announced last week that it was the subject of a takeover offer from an unnamed party, its financial valuations were stark.
INM was valued by the stock market at a lowly €123 million, and the cash portion of this valuation amounted to €82 million, leaving the company’s...
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