News Nation Logo


Rupert Murdoch's 21st Century Fox may soon acquire Sky

Rupert Murdoch Owned 21st Century Fox May Soon Takeover Sky Which Has A Total Value Of £18.5bn. According To Reuters’ Calculations, Fox Will Pay £11.25bn For The Stake In Sky That It Does Not Already Own.

News Nation Bureau | Edited By : Saurabh Kumar | Updated on: 09 Dec 2016, 10:44:24 PM
 Rupert Murdoch's 21st Century Fox may soon acquire Sky

New Delhi:

Rupert Murdoch owned 21st Century Fox may soon takeover Sky which has a total value of £18.5bn. According to Reuters’ calculations, Fox will pay £11.25bn for the stake it does not own.

21st Century Fox already owns 39.1% stake in Sky. In June 2010, Rupert Murdoch had attempted to take over Sky but the proposal was rejected by Sky’s director.

US Giant has proposed an offer of £10.75 and a premium of 36% to the closing price on 8 December. The speculations of US media company making a bid for the stake in Sky surged when James Murdoch was named the chairman.

For all the Latest World News, Download News Nation Android and iOS Mobile Apps.

First Published : 09 Dec 2016, 10:37:00 PM