Sky Says Received Takeover Bid From 21st Century Fox


Sky says received takeover bid from 21st Century Fox

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.