Originally Posted by
PA28161
Most businesses fail due to poor money management
DMGT got an offer of £1bn for the regional newspaper arm of their company (it was actually £1.4bn but what's £400m between friends?) and they declined because they believed the offer was feeble.
No other offers were on the table and so six years later they sell the same arm of their company for £53m.
You couldn't make it up.