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Fox to swoop on Sky?

mvcg66b3r

mvcg66b3r

Not for the first time there are market rumours that 21st Century Fox is about to buy Sky and its trio of European pay-TV operations.

This time it is UK tabloid The Daily Mail that is reporting the imminent move, and suggesting that James Murdoch is about to take advantage of Sky’s depressed share price (down this year to date by 18 per cent) although September 29th saw Sky’s price jump 3.2 per cent on the gossip.

21st Century Fox already own 39.1 per cent of Sky.
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http://advanced-television.com/2016/09/30/fox-to-swoop-on-sky/
 
BMR said:
Murdoch has always wanted to fully own Sky. He has tried before and it wasn't allowed.It's far from certain if the UK regulator (OFCOM) will allow it this time.
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The question came up following this week's FCC relaxation of foreign ownership for US broadcasting if there would be reciprocity. I guess we will find out.
 
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