Now suppose that another motivation for Fox's offer was to avoid letting One Equity Partners acquire CKX.
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Question:
Now suppose that another motivation for Fox's offer was to avoid letting One Equity Partners acquire CKX. If this happened, Fox suspected its own free cash flows would drop by about $16 million a year (forever). Given this, what is the most that Fox should now be willing to pay to complete its acquisition of CKX?
(Please express your answer in million dollars.)
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