'The New Age deal is weirder than the Tegeta one'

(Also read: "Bloomberg makes fishy discovery when visiting Charles King, new owner of Tegeta".)

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“Due diligence” refers to the detailed examination of a company - and its financial records - before becoming involved in a business arrangement with it.

How long does a due diligence on a R450 million media deal take compared to a R2.9 billion mining deal?

That is the question The Money Show’s Bruce Whitfield put to Savannah Mara Senior Partner Rod MacLeod.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The size and scope of due diligence is dependent on the risk appetite of the buyer.

Rod MacLeod, Savannah Mara

Due diligence is a mechanism to give the buyer comfort.

Rod MacLeod, Savannah Mara

Serious buyers go through a due diligence process.

Rod MacLeod, Savannah Mara

The media deal is the weirder of the two.

Rod MacLeod, Savannah Mara

It makes no commercial sense at all.

Rod MacLeod, Savannah Mara

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This article first appeared on 702 : 'The New Age deal is weirder than the Tegeta one'


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