From al Zajeera article:
Packer's greatest coup came when he sold Channel Nine to Alan Bond, a Perth businessman, for just over a billion Australian dollars (US$750 million in 1987, then bought it back at a fifth of the price three years later.
"You only get one Alan Bond in your lifetime," Packer said. "And I've had mine."
Now that was an amazing deal. Alan Bond, BTW was the guy who finally took the America's Cup (yacht race) off the Yanks back in '84.
Back in 2000 I went to a one man show by satirist Clive James
. James recounted how during a court case that threatened to put Alan Bond in jail, his lawyer claimed that his client's (Alan Bond) mind was going, and that medical evidence showed Bond's brain was actually shrinking. Just a sympathy appeal. There was a scene outside the courthouse with Bond being led by one of his legal team, as if he had gone feeble-minded. It was all a rouse.
At any rate, Clive James then proceeds to tell the story of Kerry Packer. And eventually he gets to Packer's search to find someone stupid enough to buy his company for the over-inflated price of a billion dollars.
"If only I could find someone with a brain that small!" Clive James mused on how Packer may have been thinking.
It bought the house down.