Category Archives: 21st Century Fox

Comcast's cute timing has tangled Rupert Murdoch's Sky plans | Nils Pratley

The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign

Poor old Rupert Murdoch. A media titan can’t even break up his own empire these days without gate-crashers turning up to spoil the show. Comcast’s £22bn bid for Sky is bold, aggressive and cutely timed – qualities associated with Murdoch in his pomp – and, very probably, marks the start of a shoot-out for the UK satellite broadcaster.

The open question is who will to go head-to-head with Comcast. Should it be Murdoch’s 21st Century Fox, whose current £10.75-a-share cash offer for Sky has been trumped by 16% by Comcast? Or should Disney, in the process of trying to buy the bulk of Fox via a deal that includes the 39% stake in Sky, take matters in its own hands and make a direct counter-offer?

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Source: gad

Rupert Murdoch pledges to keep Sky News independent

Move comes as Fox seeks to allay media plurality concerns in £11.7bn takeover of Sky

Rupert Murdoch has pledged not to meddle in editorial decision-making at Sky News but says he will not guarantee funding the service for more than five years, as 21st Century Fox seeks clearance for its £11.7bn takeover of Sky.

The Competition and Markets Authority said in its provisional findings last month that Murdoch’s bid raised media plurality concerns because the deal would give his family too much control over UK news media. The Murdoch family trust controls Fox and News Corp, publisher of the Sun and the Times.

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Source: gad