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If News Corp loses its appeal against the ruling and has to sell its stake, losses could exceed a billion dollars.
More worrisome: Earnings are down 8%, pinched by losses from coffee-machine maker Keurig, in which the company has a 42% stake, losses caused by rising costs of development and marketing.
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But Turkey and Serbia have been; and the bureaucratic fussiness of the union does not change just because countries' strategic interests are at stake.The loss of leverageThe assumption that countries will behave well after they become members has also taken a knock.
Asked if a recap would dilute GM's 20% stake in loss-making Fiat Auto, he told Reuters: "All else being equal, it normally would — you just have to do the math".
Beyond such limit, the stake of loss-benefit ratio would increase, or, at least, the diagnostic decision is less cost effective.
KKR Financial, an affiliate in which K.K.R. executives held a 12percentt stake, faced steep losses starting last summer.
Disney, which has a 30percentt stake Hulu, saw losses of $580 million last fiscal year, according to an SEC filing.
(Mr. Ackman recently sold his entire stake for a loss).
The government started selling its RBS stake at a loss last month.
It took a majority stake in the loss-making GP practices business formerly owned by Assura Group in 2010.
Instead, BA bought into USAir (now known as US Airways), only to sell its stake at a loss a few years later.
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