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[h=1]Sky and 21st Century Fox agree £18.5bn takeover deal[/h]
Rupert Murdoch's 21st Century Fox will pay £11.7bn for the 61% stake it does not already own.
Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn.
The deal comes amid concerns that Rupert Murdoch, who also owns the Sun and the Times newspapers, will have excessive influence over UK media. Link.
James Murdoch, Rupert Murdoch's son, is both chairman of Sky and chief executive of Fox.
This subject of Murdoch's continued attempts to take over Sky has come up before on the Europe forum but it seems like Murdoch finally has his prize.
Ah well, looms like Murdoch did everything he could to make sure this takeover was going to happen. My only wish is that Ofcom watch their broadcasts even more closely than before - impartial reporting is a cornerstone of our broadcast media.
This subject of Murdoch's continued attempts to take over Sky has come up before on the Europe forum but it seems like Murdoch finally has his prize.
Ah well, looms like Murdoch did everything he could to make sure this takeover was going to happen. My only wish is that Ofcom watch their broadcasts even more closely than before - impartial reporting is a cornerstone of our broadcast media.
~ now he owns it all.
The problem is much larger in non anglophone countries, where people are more or less dependent on regional language media. This is especially bad for democracies where state controlled media are the main purveyors of news and opinions.
This subject of Murdoch's continued attempts to take over Sky has come up before on the Europe forum but it seems like Murdoch finally has his prize.
Ah well, looms like Murdoch did everything he could to make sure this takeover was going to happen. My only wish is that Ofcom watch their broadcasts even more closely than before - impartial reporting is a cornerstone of our broadcast media.
Would be ironic if the EU blocked it
Monopolies legislation?
~ sadly this fight has to be done in the UK ~
This subject of Murdoch's continued attempts to take over Sky has come up before on the Europe forum but it seems like Murdoch finally has his prize.
Ah well, looms like Murdoch did everything he could to make sure this takeover was going to happen. My only wish is that Ofcom watch their broadcasts even more closely than before - impartial reporting is a cornerstone of our broadcast media.
Kill your television.
The good thing where I live is that neither Fox nor any of Murdoch's channels are subscription free. Neatly relieving me from having to throw back out of the window that which never made it in.I don't watch much TV but I would be affected by any changes to law that allowed Murdoch to broadcast biased and uninformed news reports on TV. I'm just using what I see in other countries where companies like Fox etc can broadcast one sided news reports without any right of reply.
The good thing where I live is that neither Fox nor any of Murdoch's channels are subscription free. Neatly relieving me from having to throw back out of the window that which never made it in.
CNN is free but I'm just as free to ignore it.
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