Wednesday, September 23, 2020

HAS BSKYB BECOME TOO RICH FOR NEWS CORP?

June 27, 2011 by · Leave a Comment 

It has been just over a year since Rupert Murdoch’s News Corp offered $12.5 billion to buy the 61 percent of BSkyB that it doesn’t already own. But during that year, the value of BSkyB stock has soared and reports now indicate that it will cost News Corp an additional $6.4 billion to complete the acquisition, if, as expected, it is approved by the British government later this week. The question is, does News Corp still want to go ahead with the deal? Reports indicate that under British law Murdoch and his advisers will have two months to decide.