A report by Germany’s Der Spiegel says that Volkswagen AG has offered Porsche SE’s controlling families roughly 8 billion euros ($11.28 billion) to buy the company’s sports car business. The report said that the Porsche and Piech families will agree on the deal as early as July 23.
When it’s all said and done, Volkswagen will own a 49.9 percent stake in Porsche AG. At a later date, Germany’s largest automaker will acquire the rest of the sports car maker, in a deal that would create an automotive group with 10 brands.
The sale would help Porsche...
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