Billionaire Ananda Krishnan plans a buyout of satellite operator Measat Global Bhd and power-cum-gaming firm Tanjong PLC. It would be Malaysia's largest corporate deal this year, should he succeeds.
The 'almost a RM7 billion' takeover should put him in total control of both companies. Ananda also scored the biggest corporate deal ever when he took over Maxis at RM16 billion in 2007, restructred and have it listed on Bursa Malaysia (read here).
Earlier this year, he took pay-TV operator Astro All Asia Networks PLC private, buying out the 27.1 per cent minority shareholders for about RM2.5 billion.
I have always admired his taste for such big deals. A non-controversial figure who is a close aide to former premier Tun Dr Mahathir Mohamad, Ananda remains a 'publicity shy', unlike some tiny millionaires who keep on chasing the media for support.
My only hope for Ananda is - please improve Astro contents and services. In many countries, their satellite TV programmes are not interrupted during bad weather. Astro got to keep up to the world's latest entertainment, too and not by offering subscribers the same old movies and documentaries on a recycle basis every month... boring, sir! Otherwise, I would set up another satellite-TV provider company to compete with Astro... Ooppsss!