The bottom line
Beleaguered Italian airline Alitalia accepted a discounted $1.17 billion takeover from French-Dutch carrier Air France-KLM . . .
Beleaguered Italian airline Alitalia accepted a $1.17 billion takeover from French-Dutch carrier Air France-KLM. The 15-cent-a-share deal is an 80 percent discount on Alitalia’s closing price Friday. “Alitalia has given a painful yes to the French,” said the Italian business daily Il Sole-24 Ore in an editorial. The deal requires approval from the Italian government, which owns 49.9 percent of the airline. (The New York Times, free registration)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- How academia's liberal bias is killing social science
- Why Pakistan won't hunt down the terrorists within its borders
- 43 TV shows to watch in 2014
- What would a U.S.-Russia war look like?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Pope Francis' American problem
- Sorry, GOP, tax cuts don't pay for themselves
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- A brief history of the Christmas present
- 10 things you need to know today: December 20, 2014
Subscribe to the Week