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Fox takeover bid for Sky

Comments

  • #2
    icdg
    Moderators, Technology & Internet Moderators Posts: 12,533 Mod ✭✭✭✭icdg


    They've been interested for years - unfortunately (for them) as I recall the previous talks conincided with the appearance of Murdoch at the Levenson Tribunal and the bid was shelved due to being politically unpalatable. Edit: at that point Fox and News Corp were still one company and the bid was by News Corporation.

    The price would represent a significant premium for Sky shareholders, so good value.


  • #3
    helimachoptor
    Moderators, Science, Health & Environment Moderators Posts: 21,795 Mod ✭✭✭✭helimachoptor


    The board has now confirmed they'll recommend the deal to shareholders.

    In January the share price was over £11 but its had a steep drop off and been hovering around the £7.50 mark for a chunk of the year..

    Interesting times anyway


  • #4
    MarkR
    Moderators, Regional Midwest Moderators Posts: 11,336 Mod ✭✭✭✭MarkR


    The fall in the value of Sterling against the dollar must have helped.


  • #5
    dublinman1990
    Registered Users, Registered Users 2, Paid Member Posts: 9,143 ✭✭✭dublinman1990


    UK Culture Media & Sport Secretary Karen Bradley had today referred the takeover bid to the UK's competition authorities.

    This phase of the examination will now last for a further six months until a final decision is made.

    Ofcom have released the non-confidential version of the bid report between 21st Century Fox & Sky.

    Link is here >> https://www.ofcom.org.uk/__data/assets/pdf_file/0013/103621/decision-fit-proper.pdf


  • #6
    dublinman1990
    Registered Users, Registered Users 2, Paid Member Posts: 9,143 ✭✭✭dublinman1990


    I've heard this as well just now.

    Communications Minister Denis Naughten has given regulatory clearance for this bid in the Irish market.

    http://www.hollywoodreporter.com/news/foxs-sky-takeover-gets-regulatory-clearance-ireland-1016939


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