the stake
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The current value could be much higher because Blue Owl was carrying the stake at a SpaceX valuation of about $720 billion, against a potential IPO valuation of $1.75 trillion.
From Barron's
The Economist Group said Tuesday that Smith had agreed to buy the stake alongside his family’s Smith Financial holding company, which has interests in various businesses including proxy adviser Glass Lewis.
The Economist Group’s largest shareholder is Italy’s Agnelli family, which owns 43.4% through its Exor investment company after buying the stake from publisher Pearson more than a decade ago.
The acquisition of the stake in the Economist is the latest deal involving a storied British media brand this month, following German publisher Axel Springer’s acquisition of the Daily Telegraph newspaper for around $770 million.
The bank said the stake of top shareholders Delfin, Gruppo Francesco Gaetano Caltagirone, Blackrock and the Italian state would be 16.1%, 9.4%, 4.6% and 4.5%, assuming the current structure remains unchanged.
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