Tata Dealwatch: Is The End Nigh?
"Sources close to the Tata/Ford deal" have been busy little bees lately, shooting out sad little insights into the clunky sale of Jaguar and Land Rover. If we can believe these anonymous tipsters (and Reuters clearly does), the deal is done, and Ford will be announcing the sale tomorrow. One of these nameless, faceless dealmakers slapped down the suggestion that Ford would get $2.65b for the two brands, telling Indian TV "You have to come south from that (number) by quite a bit." But as with most leaks surrounding this deal, Tata reps refuse to play ball. "We have nothing to tell you now," they tell us. So is the deal happening tomorrow, or later, or not at all? With all of this conflicting information going around the media grapevine, we're not committing until the officially announcement, and maybe not even then (show me the money). Yea or nay, the fine print on this deal or no deal should make some very interesting reading.
If Tata pays $2.65B for Jaguar and Land Rover can you let them know I have a BMW M3 available for only $300K?
Looks like it's a done deal: Ford sells Jaguar/Land Rover to Tata: source