News Corp wants to swallow British television group Sky
Murdoch's media conglomerate, News Corporation, plans to acquire its British subsidiary, British Sky Broadcasting (BSkyB), in its entirety. News Corp is offering 700 pence per share for BSkyB. This values the broadcaster at a total of 12.3 billion pounds (20.6 billion Swiss francs). BSkyB rejected News Corp’s offer as too low.
According to the information provided, it was also agreed that News Corp would refrain from a hostile takeover, for example by purchasing BSkyB shares. This is to apply until two months after the regulatory authorities give their OK or until the end of 2011 at the latest. A complete takeover of the most important British subscription TV group would be one of the largest acquisitions in the history of the Murdoch Group.




