Mitchell set to sell family company to Aegis
The Herald Sun reports that Australia's biggest media buyer, Harold Mitchell, is set to sell his family company to UK advertising giant Aegis for more than its $300 million value, with the deal set to be confirmed by noon today.
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Proof you can still make a killing in this industry.
You just have to be hungry.
Congratulations Peter Griffen.
Not great to see Aussie companies selling to offshore companies.
Faarrrrk !!
300 mil'.
That's mental.
That's a lot of bickies...
I read that quickly and thought it said $300m value meal.
Great work Harold.
Let's have lunch next week.
J
Contrast this with Photon which remains in a trading halt and in the shit. Mitchells was a a business with a clear reason for being and a guy who was passionate about his trade in the driver's seat. It wasn't a 'play.' It wasn't driven by nonsense like 'synergies' and 'cross-selling.' Good for him.
Can anyone think of any other successful Harolds?
Might be time to use a current photo.
@3:59… Yes, indeed. Other successful Harolds, to name just a few, include:
Harold Holt (for swimming)
Harold Robbins (for literary subtlety)
Harold Windsor (for cultural sensitivities)
And of course the most successful Harry of all...
Harold Burns (for getting Meg Ryan to orgasm in a restaurant without even touching her)
You forgot Harold from Neighbours.
Party on Harold duuuuuuude!