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picard421 posts since 2 Jun 2016
Just being reported on Sky News that 21st Century Fox are bidding to take over Sky PLC.

Quote:
US media company 21st Century Fox has tabled a takeover bid for Sky PLC.

"The Independent Directors of Sky PLC note today's share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc," the company, the owner of Sky News, said in a statement.

"After a period of negotiation, the Independent Directors of Sky and 21st Century Fox have reached agreement on an offer price of £10.75 per share in cash, less the value of any dividends subsequently paid by Sky.

"However, certain material offer terms remain under discussion and there can be no certainty that an offer will be made by 21st Century Fox, nor as to the terms of any such offer."

http://news.sky.com/story/21st-century-fox-tables-takeover-bid-for-sky-plc-10689526


Wonder what will happen to Sky News, before they were going to split it.
Last edited by picard on 9 December 2016 4:18pm
62305819,096 posts since 19 Aug 2005
STV Central Reporting Scotland
Thats confusing I thought there were both owned by the same person?


Murdoch has nearly 40% of Sky already.


Thats what I thought, but didnt the last time he tried to get full control there had to put claws in relation to sky news, then hacking scandal happened and it was all dropped?
why cant the media just say "Murdoch trying take full control over the sky"
Is the next post dreaded?
picard421 posts since 2 Jun 2016
Thats confusing I thought there were both owned by the same person?


Murdoch has nearly 40% of Sky already.


Thats what I thought, but didnt the last time he tried to get full control there had to put claws in relation to sky news, then hacking scandal happened and it was all dropped?
why cant the media just say "Murdoch trying take full control over the sky"


I don't understand it fully to be honest.

Murdoch started 21st Century Fox, later he also started Sky, which then merged with BSB (British Satellite Broadcasting), to form BSkyB (British Sky Broadcasting). So he did not own the whole of BSkyB. He was going to take over BSkyB in 2010, but did not due to the whole hacking scandal, since then 21st century Fox has been changing things around on the business side. The BSkyB name was changed to Sky PLC when Sky took over the Germany business. Now Murdoch has made another attempt and this time it looks as if he will be successful.

Scary!
62305819,096 posts since 19 Aug 2005
STV Central Reporting Scotland
There is something very doggy about this deal..... remember what happened back in 2014
Quote:

On 12 May 2014, BSkyB confirmed that it was in talks with its largest shareholder, 21st Century Fox, about acquiring 21st Century Fox's 57.4% stake in Sky Deutschland and its 100% stake in Sky Italia. The enlarged company (dubbed "Sky Europe" in the media) will consolidate 21st Century Fox's European digital TV assets into one company.[63][64] The £4.9 billion takeover deal was formally announced on 25 July, where BSkyB would acquire 21st Century Fox's stakes in Sky Deutschland and Sky Italia. BSkyB also made a required takeover offer to Sky Deutschland's minority shareholders,[65] resulting in BSkyB acquiring 89.71% of Sky Deutschland's share capital. The acquisitions were completed on 13 November.[9] British Sky Broadcasting Group plc changed its name to Sky plc to reflect the European acquisitions, and the United Kingdom operations were renamed to Sky UK Limited. Sky plc bought out the remaining minority shareholders in Sky Deutschland during 2015, using a squeeze-out procedure to obtain the remaining shares and delist Sky Deutschland on 15 September 2015.


Share price is still lower than what it was at the start of the year: https://corporate.sky.com/investors/shareholder-centre

Who are the other share holders?
Is the next post dreaded?
picard421 posts since 2 Jun 2016
There is something very doggy about this deal..... remember what happened back in 2014
Quote:

On 12 May 2014, BSkyB confirmed that it was in talks with its largest shareholder, 21st Century Fox, about acquiring 21st Century Fox's 57.4% stake in Sky Deutschland and its 100% stake in Sky Italia. The enlarged company (dubbed "Sky Europe" in the media) will consolidate 21st Century Fox's European digital TV assets into one company.[63][64] The £4.9 billion takeover deal was formally announced on 25 July, where BSkyB would acquire 21st Century Fox's stakes in Sky Deutschland and Sky Italia. BSkyB also made a required takeover offer to Sky Deutschland's minority shareholders,[65] resulting in BSkyB acquiring 89.71% of Sky Deutschland's share capital. The acquisitions were completed on 13 November.[9] British Sky Broadcasting Group plc changed its name to Sky plc to reflect the European acquisitions, and the United Kingdom operations were renamed to Sky UK Limited. Sky plc bought out the remaining minority shareholders in Sky Deutschland during 2015, using a squeeze-out procedure to obtain the remaining shares and delist Sky Deutschland on 15 September 2015.


Share price is still lower than what it was at the start of the year: https://corporate.sky.com/investors/shareholder-centre

Who are the other share holders?


Not sure of significant holders, but I used to be one small holder. With all my £150 worth. Very Happy
Rijowhi655 posts since 24 Jul 2005
Central (West) Midlands Today
Just being reported on Sky News that 21st Century Fox are bidding to take over Sky PLC.

Quote:
US media company 21st Century Fox has tabled a takeover bid for Sky PLC.

"The Independent Directors of Sky PLC note today's share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc," the company, the owner of Sky News, said in a statement.

"After a period of negotiation, the Independent Directors of Sky and 21st Century Fox have reached agreement on an offer price of £10.75 per share in cash, less the value of any dividends subsequently paid by Sky.

"However, certain material offer terms remain under discussion and there can be no certainty that an offer will be made by 21st Century Fox, nor as to the terms of any such offer."

http://news.sky.com/story/21st-century-fox-tables-takeover-bid-for-sky-plc-10689526


Wonder what will happen to Sky News, before they were going to split it.


Yes it will be interesting to see what happens with Sky News... I had a feeling Sky would be bought by Fox very soon but this is even sooner than I expected.
On the Internet, you're reading Rijowhi!!!
TROGGLES893 posts since 3 Sep 2005
London London
Seems that despite the despicable behaviour of some people in the parent company - some of which are now actually running it - they will be allowed to take full control over SKY.

At least with some UK shareholders some of the money was returned to the UK. Now all of the profits will go to Murdoch's corporation draining even more out of UK broadcasting and production.

Time for the competition commission to come in and break the company up as they did with BAA. Its too big and not in the interests of the UK population. I doubt it will happen as the Tories are in hock to Murdoch & his minions.
..."at the first sign of danger my pussy's hairs stand on end" Betty Slocombe 27/05/1975
1
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Hatton Cross2,215 posts since 4 Jan 2003
Central (West) Midlands Today


Murdoch started 21st Century Fox, later he also started Sky..


He didn't 'start Sky' either.
He brought the Sky channel, which was a low budget general entertainment cable channel in Swindon.
ITV "Occasionally it gives us something good, but for the most part, it is pathetic and puerile". Lord Taylor, House Of Commons, 1959.
2
picard and Stuart gave kudos