21st Century Fox announces US$14.8b deal to take over Sky
[NEW YORK] 21st Century Fox said Thursday that Sky had agreed to a takeover offer worth US$14.8 billion as tycoon Rupert Murdoch bids to create a global media giant.
Mr Murdoch's Fox group said in a statement "that it has reached agreement with Sky plc on the terms of a recommended pre-conditional cash offer" to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns.
The deal is worth £10.75 per Sky share, or US$14.8 billion in total for the cash purchase, the statement said.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue