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Media
News Corp want to own Sky outright
By CMU Editorial | Published on Tuesday 15 June 2010
Rupert Murdoch’s News Corp is making moves to take complete ownership of satellite broadcaster BSkyB. Murdoch’s US-based media firm currently owns 39% of the Sky TV and broadband business, but wants to buy out the other shareholders.
It originally offered the company’s other shareholders 675p per share cash, but the BSkyB board said that was too stingy. According to The Guardian, News Corp have now upped their offer to 700p per share, though the Sky management team are likely to push for upwards of 800p, so there is still much wrangling to be done on this one.
