Around the Net

Is Murdoch Moving To Consolidate Sky?

Reports this weekend that Rupert Murdoch's 21st Century Fox wants to consolidate its pay-TV European holdings by combining the company's stake in British Sky Broadcasting Group Plc with its Sky Deutschland and Sky Italia assets would fit with the company's long-held view the Sky's would be strong together. Bloomberg reported on Friday that Fox was in talks for such a deal, worth about 10 billion euros ($13.76 billion), that would turn BSkyB into a European satellite-TV giant. It quoting people familiar with the situation.

Read the whole story at The New York Times »

Next story loading loading..