With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.
Stupid headline makes it sound like he sold $1bn in shares. The team was valued at 1bn, the shares were a minority fraction of shares and Stroll retains both majority ownership and control.
I think the use of valuation at the end helps salvage the meaning a little. Considering titles are supposed to be as short as possible, this was a good attempt
Stupid headline makes it sound like he sold $1bn in shares. The team was valued at 1bn, the shares were a minority fraction of shares and Stroll retains both majority ownership and control.
I think the use of valuation at the end helps salvage the meaning a little. Considering titles are supposed to be as short as possible, this was a good attempt
“Owner sells stake at valuation” can easily be “owner sells partial/minority/percentage of stake at valuation” they know what they were doing.
The title is intentionally misleading instead of being short and accurate