Last night at the “All Things D” conference sponsored by the Wall Street Journal, Rupert Murdoch told attendees that Democrat Barack Obama will win the presidential election by capturing the key swing state Ohio and that activist shareholder Carl Icahn will lose his proxy fight to take over Yahoo. He also said the US economy face tough times for the next 18 months.
Details after the jump.
“He is a rock star. It’s fantastic,” Murdoch said of Obama. He added that he was responsible for the New York Post’s endorsement of Obama in the New York primary. Murdoch had been a supporter of Obama rival Hillary Clinton in her Senator races.
But Murdoch was less enthusiastic about Icahn’s chances to win the proxy fight for Yahoo. “Icahn? That’s not serious. It’s just a lot of helpful noise. If I were a director of Yahoo I wouldn’t be worried,” Murdoch said.
It won’t be a total loss for Icahn however, in Murdoch’s view. He predicted that the position in Yahoo would make Icahn “a few hundred million dollars.”
But the media titan was at his most downbeat when he discussed the economy. He told the conference that “for the next 18 months, I think this country is in for a very hard time,” and that America’s woes are spreading to Europe.
Rupert Murdoch Says Obama Will Win [Huffington Post]
Murdoch: U.S. Economy “In For A Very Hard Time” [Alley Insider]
Murdoch Predicts Icahn Fight For Yahoo Will Fail [Dow Jones Newswire]
God help this country if Obama becomes its next president. Just what we need a democrat to tax the crap out of the middleclass and make more regulations
Murdoch (owner of fox news) predicts Obama is going to win? Are we in the twilight zone?
Since when is “making a few hundred million dollars” considered losing? If I missed the memo, please, sign me up stat
Lost opportunity? Few hundred million dollars (assuming about 1 year hold) is a paltry return.
Part of obama’s Memorial-Day speech went something like this, “We are gathered to honor our fallen heroes; some are here with us today”.
obama = empty suit = manchurian candidate.
karl rove, please tell me what to do
http://online.wsj.com/article/SB121201747075327643.html?mod=todays_us_opinion
@1:46 I couldn’t agree with you more. Obama is a great speaker, but what has he done? This election is really about chosing the best of the worst.
But what does Tim Sykes say? Timmay, who are you voting for?
Guy only bought a few million shares, (was it 3mm if I remember correctly?) and options on 50m+ more. Couldn’t have invested more than a few hundred million, billion, tops, if he makes a few hundred million in a year hold, he aint exactly “losing’ in the traditional sense of the word, except maybe for his ego
Me thinks Rupert no likey Icahn, wonder why?
Icahn- Doesn’t like Obama, did the Yahoo deal
Rupert- Likes Obama, doesn’t care for Yahoo deal
I think the mistake everyone makes is the assumption that Rupert Murdoch is a conservative, but in fact he’s just an opportunist. When he and Roger Ailes launched Fox News in the early 90s, they had the foresight to realize that the Conservatives were on the rise and rode its coat tails to success. Now as Conservatism is declared bankrupt by one of its leading modern architects, Newt Gingrich, Murdoch sees the writing on the wall and is jumping on the Neo Progressive movement exemplified by Obama. Heck, I wouldn’t be surprised if he launched a new Progressive news channel with some sort of motto a “new Fox News for the New America.”
Anal-yst,
He bought 9.9MM shares outright, in addition: 49MM American calls and 49MM Euro-style puts. Puts his investment at around $500MM in cash. He only stands to “make a few hundred million”, if YHOO hits a homerun within about 2 1/2 years – or sells for above $30 a share within that time.
gracias, went looking for the filing but got sidetracked. Personally I don’t really get the move, unless its just a strong-arm play (ego much?). Guess he thought he could throw his weight behind it to seal a deal and walk away with some quick, easy $$
Precisely. It’s old school corporate raider BS. Excerpting massive control without having taking much risk. Shrewd but opportunistic and really not in the true shareholders interest. He is in it for the quick $$$.
Karl Rove’s comments sound much better in the original German.
As I said the other day Icahn is Ivan Boesky with better lawyers.
Anyway, if Rup really wanted Obama to win he’d have Ailes call the dogs off over at Fix Noise.
Rupes is concerned about the return of the “Fairness Doctrine”.
He’s buying a ticket on the late train, that’s all.
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Interesting to see that his two big predictions were right. Who would have thought
Kwame W
Interesting to see that his two big predictions were right. Who would have thought
Kwame W
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