Kerkorian back to business

The old entrepreneur Kirk Kerkorian, 89 aged, is back on business! Last week, he make an offer bid to buy 5% of General Motors shares. This will push the GM’s share total amount own by his group to 9%.

            This was a pretty good news for Wall Street and it prompts a large GM share increase of  9%. But on the other hand, Automobile industry professional are not so enthousiastic; “Kirk is a real scourge” said David Healy, a stock market analyst.

            In effect, his background is very rich. In 1995, he make an offer bid of 22.8 $ billions to buyout Chrysler. The opertion was unsuccessful, but Three years later when Daimler merge with the Amearican company, Kerkorian was the major investor with 14% of the Graman company.

            Still as fit as fiddle, Kerkorian is not afraid by repeatings. As well, the “old Raider” sold three times the same movie studio Metro Goldwyn Meyer. He start his conquest of MGM in 1969, and five years later he was owner at about 50.1%. He finally surrender it in 1990 for an amount of 5 Billion of Dollars.

            Now this octogenarian, is turning towards gambling. He owns the most prestigious companies of Las Vegas as The Bellagio, MGM, New York New York and Mirrage.