Murdoch moves to bring Sky back into his media family

Five years after abandoning his previous bid in the wake of the phone hacking revelations, the media tycoon is reviving his attempt, through his 21st Century Fox organization, to take full control of Britain’s biggest pay-TV  broadcaster. The BBC reports:

Fox said Sky’s directors had indicated that they were willing to recommend the proposed offer. According to Reuters’ calculations, Fox would pay £11.25bn for the stake in Sky that it did not already own.Sterling’s 16% fall against the US dollar in the wake of the Brexit vote has made UK companies more attractive targets for foreign companies. Fox is required to “clarify its intentions” by 6 January, or walk away for at least six months under UK takeover rules.





In the US, meanwhile…





At least there’s this…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s