Volkswagen takeover of Porsche finally official after $5.61 billion stock dealThis on again off again Volkswagen takeover of Porsche is finally taking place after some creative Porsche financial maneuvering saved almost $2 billion in taxes. With that extra $2 billion put toward the deal it allows Volkswagen to purchase the 50.1% of Porsche stock it does not already own for the sum of $5.61 billion. Porsche and VW stocks shot up on the news making this a lucrative deal for everyone involved. VW will officially take control August 1st and the long back and forth saga finally comes to an end.
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