If one company(A) owns another company(B) and Company B owns a third company (C) is it safe to say that Company A owns part of Company C?
A real life example is the sports media group TSN is 20% owned by ESPN. ESPN is then in turn 80% owned by The Walt Disney Company. Can I say that Disney owns 16% of TSN?
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Yes, it is safe to say that Company A owns a part of Company C indirectly through its ownership of Company B. In this real-life example, since ESPN owns 20% of TSN and The Walt Disney Company owns 80% of ESPN, you can say that Disney indirectly owns 16% of TSN (0.2 * 0.8 = 0.16 or 16%).
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