Sky Says Received Takeover Bid From 21st Century Fox
Rukhshan Mir (@rukhshanmir) Published December 09, 2016 | 10:25 PM
LONDON, Dec 9, (APP - UrduPoint / Pakistan Point News - 09th Dec, 2016 ) - European pay-TV broadcaster Sky said Friday it has received an informal takeover approach from US media-entertainment giant 21st Century Fox which values it at #18.5 billion ($23.
4 billion, 21.8 billion Euros).
London-listed Sky said in a statement it had "reached agreement" with 21st Century Fox on a price of #10.75 per share, but there was no certainty that a firm offer will be made. Fox already owns 39 percent of Sky.
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