Bskyb shares buy or sell
Monday 12 December Murdoch was approved by Fox is also reportedly looking to include a guarantee on protecting staff numbers and investment in the UK to help sweeten its controversial move to take full control of Sky. Thomas Moore, investment director of UK equities at Standard Life Investments, added to the concerns on Monday. He pointed out that the Sky share price was at a level it had been trading at only a few months ago, since when the the largest pay-TV broadcaster in Britain has been setting out ways to bolster returns to shareholders.
The boardroom composition of Sky was also raised by other investors. Sky has attempted to address this by setting up an independent committee of the board to review the offer from 21st Century Fox. The committee is being chaired by an existing board member, Martin Gilbert, who is chief executive of Aberdeen Asset Management, which owns a stake in Sky.
Piers Hillier, chief investment officer at Royal London Asset Management, another Sky shareholder, said: Murdoch has had hopes of unifying the two business empires for years.
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Since then, the businesses have been restructured. News Corp houses the newspapers, such as the Sun and the Times, and 21st Century Fox businesses such Fox News. Sky owns TV and film assets as well as pay-TV operations in Italy and Germany.
Roddy Davidson of stockbroker Shore Capital said the price was credible. The culture secretary, Karen Bradley, has 10 working days from being notified of a formal bid to notify the regulator that an investigation should be launched. Hancock added that guidance is being drawn up for ministers and officials for dealing with interested parties in the bid.
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International edition switch to the UK edition switch to the US edition switch to the Australia edition. The Guardian - Back to home. This article is 6 months old. Does Rupert Murdoch's Sky takeover bid pass the public interest test? Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded.
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Please keep comments respectful and abide by the community guidelines. Petition calls for Ofcom to investigate Rupert Murdoch's Sky bid. Mogul needs regulators to approve deal, which will give him full control of pay-TV operations in UK, Germany and Italy.
He must not be allowed to buy Sky Polly Toynbee. Politicians already kowtow to the News Corp owner. Someone must stand up to his bullying and stop the spread of his brand of toxic vitriol. Murdoch deal requires robust safeguards at Sky, say shareholders.
Local Authority Pension Fund Forum also calls for Ofcom to examine plurality issues before Fox takeover goes ahead. Pressure grows to refer Rupert Murdoch's Sky bid to Ofcom. Why is Murdoch taking over Sky now? Blame Brexit and Netflix Nils Pratley. The Guardian back to top.