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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sky | LSE:SKY | London | Ordinary Share | GB0001411924 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,727.50 | 1,727.00 | 1,727.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
21st Century Fox Inc. is in late-stage discussions to buy Sky PLC, the U.K.'s market-leading pay-TV provider, as Fox moves to consolidate its holdings. Fox already owns about 39% of the company.
Sky said Friday that it reached a preliminary agreement for £ 10.75 per share in cash ($13.52) but that certain material offer terms remain under discussion. The roughly $15 billion offer was a 40% premium to Sky's Dec. 6 closing price. Its shares were recently up 32%.
If completed, the deal would value Sky at about £ 18.48 billion.
Rupert Murdoch and his family are major shareholders in both 21st Century Fox and News Corp., parent company of The Wall Street Journal.
News Corp. in 2011 dropped a bid to take full control of Sky amid a political firestorm ignited by reporting tactics at one of its U.K. newspaper titles.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
December 09, 2016 12:05 ET (17:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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