He's Hungry to Buy an Airline

High-roller Marvin Davis mounts a $5.4 billion bid for United

Other than luck, what an oilman needs most is persistence. Marvin Davis has plenty of both. The bulky son of a dress manufacturer from Newark, Davis made his first billion dollars in less than 20 years as a Denver-based wildcatter with a salesman's knack for raising capital and a blessed instinct for drilling gushers. Now, amid the takeover frenzy gripping the airline industry, Davis has set his cap for a giant carrier.

Only two months after Northwest Airlines rebuffed his $2.6 billion bid, Davis has bounced back with an even grander scheme. Last week he offered to pay $5.4 billion, or...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!