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News Corporation make takeover offer for British Sky Broadcasting Group plc

  • 15-06-2010 9:43am
    #1
    icdg
    Moderators, Technology & Internet Moderators Posts: 12,072 Mod ✭✭✭✭


    Looks like Sky's days as an independent company might be honoured. Of course, many people believe Murdoch controls every thing Sky does already (seriously, if Murdoch was responsible for every decision in every part of News Corporation and its various affliates empire, he'd have to be at his desk 24/7 365 days a year and even that wouldn't cover it). Anyway, it looks like News Corp are prepared to pay serious money to delist Sky.

    http://www.guardian.co.uk/media/2010/jun/15/news-corp-bskyb-rupert-murdoch

    News Corporation purchased an 80% shareholding in Satellite Television in the early 1980s, which became Sky Television plc. The shareholding was reduced to 40% in the merger with BSB and diluted further when Sky went public in 1994.


Comments

  • #2
    watty
    Registered Users, Registered Users 2 Posts: 32,417 ✭✭✭✭watty


    However they largely control Sky. So what are they up to? Are they proposing to do something 51% of shareholders won't like?

    Are they wanting to take it Private?

    Has he got too much money?


  • #3
    Elmo
    Registered Users, Registered Users 2 Posts: 23,641 ✭✭✭✭Elmo


    icdg wrote: »
    (seriously, if Murdoch was responsible for every decision in every part of News Corporation and its various affliates empire, he'd have to be at his desk 24/7 365 days a year and even that wouldn't cover it).

    you could always get your spawn children to do your bidding work for you :D


  • #4
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    watty wrote: »
    However they largely control Sky. So what are they up to? Are they proposing to do something 51% of shareholders won't like?

    Are they wanting to take it Private?

    Has he got too much money?

    News Corp is cash rich at the moment, so technically yes he does have too much money


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