Rupert Murdoch’s Fox offers to buy London-listed Sky | business-news | Hindustan Times
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Rupert Murdoch’s Fox offers to buy London-listed Sky

London-listed Sky said in a statement on Friday it had “reached agreement” with 21st Century Fox on a price of £10.75 per share, but there was no certainty that a firm offer will be made.

business Updated: Dec 10, 2016 00:51 IST
The flag of the Twenty-First Century Fox Inc is seen waving at the company headquarters in the Manhattan borough in New York.
The flag of the Twenty-First Century Fox Inc is seen waving at the company headquarters in the Manhattan borough in New York.(Reuters)

European pay-TV group Sky Plc has been approached by Rupert Murdoch’s Twenty-First Century Fox Inc to buy the company.

London-listed Sky said in a statement on Friday it had “reached agreement” with 21st Century Fox on a price of £10.75 per share, but there was no certainty that a firm offer will be made.

Fox’s offer of £10.75 per share in cash, is a 36.2% premium to Sky’s Thursday close, and values Sky at about 18.48 billion pounds ($23.23 billion).

Fox already owns 39.1% of Sky, according to Thomson Reuters data.