Saab Buyout: Spyker secures for $400m

It was a deal that had been in the process for some time, but a deal has finally been reached in which Dutch company Spyker secured the buyout of Sweden’s Saab Automobiles.

As reported from the Guardian, the deal comprises of an initial payment from Spyker of $74m to General Motors, while $326m will be paid in deferred shares for Saab.

It ends a troubled few months for Saab, who have failed to make any money, as a result of failing to attract a global audience with their brand.

Spyker’s Chief Executive Victor Muller insists that the company will maintain the “uniqueness, heritage and individuality” of the Saab brand.

Full article through the link, let us know your thoughts on the buyout. Is this a good move for Saab or not?

*Identifying Monetised Links - outgoing links that we monetise are marked with an '*' symbol.

Written by Alan Ng

Alan has been working for Product-Reviews since 2009 and became the Editor-in-chief in 2014. He has a passion for technology, the latest mobile phones and gadgets, and the gaming industry. Alan is a graduate of Canterbury Christ Church University and completed a B.A in Commercial Music in 2008. While expressing a keen interest in all areas that PR cover, you'll usually find Alan in the gaming section, where he'll be keeping enthusiasts up to date on all the latest news and reviews for consoles and PC.

Contact Alan Ng:

Leave a Reply

Your email address will not be published. Required fields are marked *

Apple Tablet Announcement Time Today: News Recap

PS3’s MAG: Patch Update released – full details