Menu
15/06/2010
News Corp In BSkyB Takeover
Rupert Murdoch's News Corporation is currently in talks to take over satellite broadcaster BSkyB.
The company said it was currently offering 700 pence per share, which values BSkyB at around £12bn.
Although Sky have said the offer remains too low, the two sides are still in negotiations, Sky stating it wanted "in excess of 800p."
News Corporation currently owns 39.1% of BSkyB. News of the bid has pushed shares in BSkyB up by 21%.
In early trading in London, the stock had risen 126.50 pence to 727 pence.
A deal will further enhance News Corp power as the most successful traditional media groups in the UK. Murdoch's News Corporation also owns the Sun, Times and News of the World newspapers.
A combination of both broadcast and print media, are said to generate annual revenues of around £8bn.
(BMcN/GK)
The company said it was currently offering 700 pence per share, which values BSkyB at around £12bn.
Although Sky have said the offer remains too low, the two sides are still in negotiations, Sky stating it wanted "in excess of 800p."
News Corporation currently owns 39.1% of BSkyB. News of the bid has pushed shares in BSkyB up by 21%.
In early trading in London, the stock had risen 126.50 pence to 727 pence.
A deal will further enhance News Corp power as the most successful traditional media groups in the UK. Murdoch's News Corporation also owns the Sun, Times and News of the World newspapers.
A combination of both broadcast and print media, are said to generate annual revenues of around £8bn.
(BMcN/GK)
Related UK National News Stories
Click here for the latest headlines.
03 March 2011
Competition Commission Sidelined In BSkyB/News Corp Merger
The News Corporation's proposed merger with BSkyB is to proceed - despite a previous bid to refer it to the The Secretary of State for Culture, Olympics, Media and Sport announced that, following advice from Ofcom and the Office of Fair Trading (OFT), he intends to accept undertakings from the News Corporation on their proposed merger with BSkyB "i
Competition Commission Sidelined In BSkyB/News Corp Merger
The News Corporation's proposed merger with BSkyB is to proceed - despite a previous bid to refer it to the The Secretary of State for Culture, Olympics, Media and Sport announced that, following advice from Ofcom and the Office of Fair Trading (OFT), he intends to accept undertakings from the News Corporation on their proposed merger with BSkyB "i
01 July 2011
News Corp Moves Closer To BSkyB Takeover
The Government has provisionally agreed to accept News Corp's proposed takeover of BSkyB, but will consult on further conditions. Earlier this year, News Corp had put forward the idea of spinning of Sky News as a separate company, in order to address concerns over its impartiality.
News Corp Moves Closer To BSkyB Takeover
The Government has provisionally agreed to accept News Corp's proposed takeover of BSkyB, but will consult on further conditions. Earlier this year, News Corp had put forward the idea of spinning of Sky News as a separate company, in order to address concerns over its impartiality.
24 November 2011
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
'Questions Remain' Despite Murdoch Jnr Resignation
Labour's Media Secretary has said that James Murdoch still had questions to answer despite stepping down from the board of News Group Newspapers. News International, a News Corp.
08 July 2011
News Corporation's BSkyB Takeover Decision 'Delayed' Over NoTW Scandal
A decision on News Corporation's proposed takeover of BSkyB could be delayed until September as outrage over the phone hacking scandal at the News of the World (NoTW) continues.
News Corporation's BSkyB Takeover Decision 'Delayed' Over NoTW Scandal
A decision on News Corporation's proposed takeover of BSkyB could be delayed until September as outrage over the phone hacking scandal at the News of the World (NoTW) continues.
21 November 2006
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
