Seven's prenup puts divorce in the too-dear basketOctober 8,...

Seven's prenup puts divorce in the too-dear basket
October 8, 2008

According to the fine print, KKR would have to cough up at least $700 million to buy out the Stokes camp, making it unlikely anyone would want to trigger a buy-out. Media analysts at Deutsche Bank and Merrill Lynch have estimated the equity value of Seven's stake in the venture at $150 million, far below the $735 million in cash KKR stumped up when it signed on the dotted line in late 2006. ABN Amro even argued last month it was "not appropriate to attach any value to this stake at the current time, given Seven Media Group's high debt levels and advertising market weakness".

http://business.smh.com.au/business/sevens-prenup-puts-divorce-in-the-toodear-basket-20081007-4vxg.html

I guess tiger was talk thing up trying to sellout.

C'mon seven rollout Mobile Wimax