Cerberus Said To Buy Chrysler

Posted: May 14 2007, 1:20am CDT | by , Updated: Aug 11 2010, 1:48am CDT, in Technology News


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Cerberus said to buy Chrysler

The WSJ reports that DaimlerChrysler AG is expected to announce today a deal with Cerberus Capital Management LP.

The private equity firm Cerberus is supposedly the closest to a deal. The Magna group and other seem to be out of the race. How much Daimler is still getting for Chrysler is not known. It will be for sure less the company paid for Chrysler in 1996 ($36 billion).
More details on the WSJ (Subscription).

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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