Rupert Murdoch confirms £11.7bn Sky bid
https://www.theguardian.com/business/2016/dec/15/rupert-murdoch-sky-bid-pay-tv
Rupert Murdoch’s 21st Century Fox has formally lodged its £11.7bn bid to take full control of Sky, as minority shareholders call for transparency on how the pay-TV company’s independent directors came to accept the offer. He would then however need an approval for the deal, this bid would allow him to have a control of pay TV operation in the UK, Germany and Italy, this adds on to his ownerships of the Times, Sunday Times and Sun as well as the radio group TalkSport. Some shareholders have expressed their joy of Murdoch getting the acceptation as this would "give greater conficerene in the independence of the committee in the bid process" whilst other shareholders expressed their concerns because of the terms of the deal, they said that "robot safeguards to protect Sky's Future probity under full ownership of Murdoch. Karen Bradley has 10 working days to decide, she has said Ofcom to do an investigation to determine whether Murdoch will have too much control over news media in the UK.
Rupert Murdoch’s 21st Century Fox has formally lodged its £11.7bn bid to take full control of Sky, as minority shareholders call for transparency on how the pay-TV company’s independent directors came to accept the offer. He would then however need an approval for the deal, this bid would allow him to have a control of pay TV operation in the UK, Germany and Italy, this adds on to his ownerships of the Times, Sunday Times and Sun as well as the radio group TalkSport. Some shareholders have expressed their joy of Murdoch getting the acceptation as this would "give greater conficerene in the independence of the committee in the bid process" whilst other shareholders expressed their concerns because of the terms of the deal, they said that "robot safeguards to protect Sky's Future probity under full ownership of Murdoch. Karen Bradley has 10 working days to decide, she has said Ofcom to do an investigation to determine whether Murdoch will have too much control over news media in the UK.
[] Murdoch need to gain regulatory approval for the deal, which values Sky at more than £18bn.
[] Fox has not raised the initial £10.75 per share offer.
[] Sky chief executive, Jeremy Darroch, and the finance chief, Andrew Griffith, are in the line for £40m payday.
In my opinion, I think Murdoch is taking control of every news outlet now that has become big, the amount of business in news he owns, I think its enough, his ideologies and values have been very dominate through those ownerships that he currently has. With him taking over Sky, they could be a chance where customers of sky may move on from them because of what sort of news and ideologies may then be expressed in the news of Sky.
In my opinion, I think Murdoch is taking control of every news outlet now that has become big, the amount of business in news he owns, I think its enough, his ideologies and values have been very dominate through those ownerships that he currently has. With him taking over Sky, they could be a chance where customers of sky may move on from them because of what sort of news and ideologies may then be expressed in the news of Sky.
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