By Bill Visnic For those who thought the mostly business – but partly familial – control struggle between the Volkswagen Group and Porsche AG couldn't get any weirder or more complicated, it has. Porsche, strangled with debt incurred in trying to acquire more than 75 percent of VW, reportedly was negotiating a non-binding agreement with the Qatar Investment Authority that would not only see the Middle Eastern investors gain as much as 25 percent of Porsche but also be granted options to buy as much as 20 percent of VW. The situation's increasingly circus-like atmosphere was bolstered by Porsche's rejection of a VW offer to buy half of the tiny sportscar maker for a reported $5.6 billion – a refusal that came with a petulant admonishment that VW's offer went to Porsche chairman Wolfgang Porsche instead of the company's executive board.
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Porsche and Volkswagen: Who’s Buying Whom?
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