sales of FBs

Anheuser-Busch, Champagne Taittinger, Malt-O-Meal and The Wall Street Journal are some illustrative examples of the behaviour of family owners relinquishing the control of the business, not without expressing regret after the sale.

In family businesses, the underlying processes of the divestment decision-making are not only driven by financial logics, but also by emotional logics. How do they play out across family business archetypes and what families can do to make the right decision of selling or not selling the business with limited regret?

Comcast wins bid for Murdoch empire’s prize asset
Second-generation media giant Comcast has won the battle to acquire the Murdoch family’s satellite broadcaster Sky with 21stCentury Fox (21CF) also agreeing to sell its remaining stake to Comcast.

The Roberts family own 33% of Comcast’s voting stock, and 1% of its common stock, while 21stCentury Fox (21CF) is controlled by the Murdoch family, who own 39% of the voting stock and 17% of the equity.

Billionaire Wang Jianlin to sell hotels, tourism properties

China’s second wealthiest man will sell some of his multi-billion dollar property portfolio to a competitor, as a means of paying down debt.

Wanda Group, led by billionaire Wang Jianlin, will sell 76 hotels and a 91% share in 13 tourism properties to Sunac Holdings for ¥63.17 billion ($9.29 billion).

Brown-Forman sells liqueur brands to fellow family-owned business, fourth-gen announces succession plan at Schindler Group, leadership change at White Castle, and Mills family sells out to KKR.

Brown-Forman sells two liqueur brands

US family alcohol business Brown-Forman has sold two of its liqueur brands, Southern Comfort and Tuaca, to another family-owned company, Sazerac Company, for $544 million.