SECRETIVE US INVESTMENT FIRM TIED UP IN AUSTRALIA’S PACKER-MURDOCH DEAL
January 23rd 2008 02:44
The Australian today rapports that “amid all of the hoopla about Australia's two best-known family dynasties joining forces to bid for Consolidated Media Holdings, it has almost been forgotten that a firm once described as representing the ‘low-profile rich’ is equally prominent in the deal.”The Australian, which incidentally was and still is a major contributor to the “hoopla” surrounding the Packer-Murdoch deal, said San Francisco-based SPO Partners and Co is an investment firm that looks after a small group of wealthy private American investors.
It added, “Just don't expect to find out who SPO's ‘wealthy private investors’ are. The company has no dedicated website. Attempts by San Francisco-based newspapers over many years to find out more about the backers behind the firm have been met with a wall of silence.
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