News Corp has told the government that it is prepared to sell Sky News in a bid to reduce the amount of time spent on a review of its proposed takeover of BSkyB.
19.04 Update: News Corp’s ownership of BSkyB, Sky Italia and Sky Deutschland will not have a significant effect on the European pay-TV market, according to the European Commission, which has given its approval to News Corp’s proposed acquisition of BSkyB.
Regulators at the European Union have given themselves an extra fortnight to decide on News Corp’s £7.8 billion (€9.41 billion) bid for the 61% of the satcaster is does not already own.
Ofcom has been ordered to investigate proposals by News Corp to take full control of BSkyB on grounds of media plurality. The Secretary of State for Business, Vince Cable, has issued an intervention notice under Section 67 of the Enterprise Act 2002 that requires the regulator to summit its report by December 31.
News Corp is expected to formally notify the European Commission of its intention to purchase the remainder of BSkyB within the next few days. Industry concern centres around the potential buying power of News Corp’s European television operations and UK media plurality. BSkyB directors have previously rejected the 700 pence (842 euro cents) per share […]
News Corp wants to take full control of BSkyB and the UK’s old media is out in force to stop it from happening. Julian Clover looks on.
News Corp is remaining firm on its £7.8 billion (€9.41 billion) offer for the 60% of BSkyB the media giant does not already own. In an investor call on Wednesday News Corp deputy chairman Chase Carey described the bid, rejected by BSkyB’s independent board as “full and fair.” “We’ve been able to sit with our […]
10.00 Update: News Corp is preparing to make an improved offer to purchase the remaining 61% it does not already own and take control of satellite broadcaster BSkyB after an initial rebuttal from the paycaster’s independent directors.