Guest JoelS Posted September 13, 2014 Share Posted September 13, 2014 Similar to the Buffett gets hit by the bus qs, what would happen to the intrinsic value over time of Malone's various entities, if Malone were to pass away? I suspect many board members have exposure to one or more of Malone's companies, as I do, so I believe the question is worth asking. Here are some of my guesses: 1. Initially the Liberty companies fall in price. Longer term, the assets may appreciate at a slower pace because they will no longer benefit from Malone's "financial engineering". The market may also assign a discount to the holding company structures. On the other hand, whoever is in charge may attempt to simplify the assets, sell off businesses, and over the long term, equity holders still do well. Also, assets tightly controlled by Malone may suddenly be "in play" e.g. discovery communications. 2. Maffei goes elsewhere. He seems like an energetic type, incredibly smart but not tied to any of these companies outside of a pay package. He might sell his liberty related holdings. Link to comment Share on other sites More sharing options...
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