German automaker Porsche has long desired a takeover of Volkswagen, a company rich in research and production capabilities. In 2008, Porsche announced it had taken a majority position in Volkswagen shares. This program shows how Porsche reached its place of near-dominance by entering the financial markets and employing controversial trading methods. Illustrating the use of financial instruments known as cash-settled call options, the film explains how Porsche built secret holdings over a period of years, only to be stymied by an obscure legal roadblock—Germany’s VW Law, which has historically protected Volkswagen from complete takeovers. Produced by the Open University. (29 minutes)
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