The Koch’s are just loaning $650 million as part of a $2.85 billion business buy. They aren’t taking a seat on the board. Without a seat on the board they have no say in the running of the company. They just get payments on their loan.
Not everything the Koch’s do is political. Most of their assets are not involved in political enterprises.
That is actually pretty typical of their business model.
Before an out right buy, they “dip their toes in”. Sometimes, many times, that is all the further it goes. If they like it, they will buy in more. If they don’t they may just let the loan get paid off.
But there will be influence on how the business is run. I would expect a few Koch alumni to start filtering into Time along the way. Again, they have a pretty sound model that I have seen applied to very diverse and different companies. It will help Time, and it is not political.
>>The Koch’s are just loaning $650 million as part of a $2.85 billion business buy. They aren’t taking a seat on the board. Without a seat on the board they have no say in the running of the company. They just get payments on their loan.<<
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As you probably know, creditors never take board seats because their interests could oppose equity.
However, creditors often become converted to equity before all is said and done,