Time Warner Escalates MGM Bidding War With Low-Ball Offer
This Variety headline for their story on the "bidding war" between Time Warner and Sony for MGM has the folks at TW executing a classic, if dangerous, negotiation ploy: the extreme low-ball. "What, the Japanese are offering you five billion? They probably mean yen, that's like ten dollars American. Fuck that, we'll do you a favor and give you five million. Take it or leave it, I got Viacom on the other line and they're offering to sell us Paramount for a hundred dollars and a bag of hammers."
UPDATE: Naturally, the story and headline have been updated.