Sky has created its own consumer technology R&D and production division after buying Amstrad for £125million. The deal is backed by Amstrad’s directors and its chairman, TV grump Sir Alan Sugar, with shareholders receiving a 24 per cent bonus on the current price of Amstrad stock.
Sky’s chief executive, James Murdoch, said: “Sky and Amstrad have had a long and positive relationship.
The acquisition accelerates supply chain improvement , and will help us to drive innovation and efficiency for the benefit of our customers.”
Sky said the deal will provide it with an in-house product design and development capability, so it would be able to accelerate the development of new and more innovative products.
Jul 31 2007
Sky buys Amstrad
Sky’s chief executive, James Murdoch, said: “Sky and Amstrad have had a long and positive relationship.
The acquisition accelerates supply chain improvement , and will help us to drive innovation and efficiency for the benefit of our customers.”
Sky said the deal will provide it with an in-house product design and development capability, so it would be able to accelerate the development of new and more innovative products.
By Expat • UK Media News • Tags: Amstrad, Sky