(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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