Shares 

Fox sniffs out a bargain with Sky bid

Fox sniffs out a bargain with Sky bid

Five years on from its last attempt, the Murdoch family has mounted another bid to take control of Sky (SKY). Twenty-First Century Fox (US:FOXA), which owns 39.1 per cent of the pay-TV broadcaster, has tabled a possible cash offer of 1,075p a share that values the company at nearly £18.5bn. James Murdoch, son of media tycoon and Fox co-chairman Rupert Murdoch, is Fox's chief executive and Sky's chairman. The offer, which represents a premium of 36 per cent to Sky's share price just before news of the deal broke, has won preliminary approval from Sky's independent directors. But it could leave investors wanting more.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now