Rupert Murdoch's Sky reign to end as Fox sells all shares to Comcast

Rupert Murdoch's Sky reign to end as Fox sells all shares to Comcast
 

Rupert Murdoch’s three-decade reign in control of Sky TV is set to end after his company 21st Century Fox announced it would sell all of its shares in the British broadcaster to the US media firm Comcast.
The two companies had been locked in a bidding war for the satellite TV and broadband business, which culminated when Comcast tabled a knockout bid valuing the company at £30bn in a high-stakes auction on Saturday night.
Despite this there were suggestions that Fox could still choose to retain its minority stake in Sky, possibly to frustrate Comcast’s efforts. But on Wednesday the company... read more

 
26 September 2018 in Business, Views: 60
Source: Guardian
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