Mar 3 2011
Hunt approves News Corp’s Sky News plan
Culture secretary Jeremy Hunt has approved a plan from Rupert Murdoch’s News Corporation to sell off Sky News, paving the way for the company’s proposed bid to take full control of Sky to be approved. Under the deal, the loss-making rolling news broadcaster will be “spun off” as a new publicly-listed company called Newco, with […]
Dec 15 2016
Sky and 21st Century Fox agree £18.5bn takeover deal
Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn. The deal comes amid concerns that […]
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By Expat • SKY • Tags: 21st Century Fox, Ofcom, Rupert Murdoch, Sky Takeover