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Rupert Murdoch Bids For BSkyB

MEDIA: Murdoch bids for all of pay-TV giant BSkyB


Rupert Murdoch's media conglomerate News Corp. has revealed a bid to take full control of UK-based satellite broadcaster BSkyB. But the British pay-TV giant said any cash offer should be at least 14 percent higher.
Source: France24

BSkyB Bids Murdoch Rupert

Rupert Murdoch's News Corp. Withdrew its bid to take over British satellite broadcaster BSkyB Wednesday in the face of widespread public and political anger at the company over allegations of illegal eavesdropping and police bribery by some of its British newspaper journalists.

The pull out halts for now Murdoch's plans to create Britain's largest media company by acquiring the satellite broadcaster. News Corp. had been seeking to buy the 60.9% of the BSkyB shares it does not already own. Ref. CNN

Rupert Murdoch Bids For BSkyB History & Civil Business Politics

James Murdoch, the son of media magnate Rupert Murdoch, is expected to step down today as the chairman of BSkyB, a longtime institutional investor in the British satellite broadcaster told CNN.

Sky News, which is owned by BSkyB, also reported that James Murdoch was resigning from the post, citing unnamed sources.

The move would come on the heels of his resignation from News Corp.'s British newspaper publishing companies in the wake of hacking scandals over the past year. Ref. CNN

BSkyB Bids Murdoch Rupert

Britain's BSkyB said Friday it had entered into a deal to buy all of 21st Century Fox's stake in Sky Italia and 57.4% of Fox's interest in Sky Deutschland. The move would give pay-TV provider BSkyB a dominant position in Europe and free up cash for 21st Century Fox's Rupert Murdoch to pursue his unsolicited offer for Time Warner. BSkyB is paying 2.45 billion pounds for Sky Italia and 2.9 billion pounds for Sky Deutschland. Ref. USAToday