You will be redirected back to your article in seconds

Pay TV Platform Sky’s Stock Spikes on Murdoch Stake Speculation

LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator.

The Murdochs have rejected bids from Vivendi, the owner of French pay TV operator Canal Plus, and British telco Vodafone for its stake in Sky, according to the Telegraph newspaper on Sunday. The Murdochs are holding out for £18 ($28.48) a share, the Telegraph claimed.

Fox’s rejection may suggest that it intends to make a new attempt to buy 100% control of Sky. Its previous attempt was derailed by the phone-hacking scandal at Rupert Murdoch’s U.K. newspaper The News of the World, which he closed in 2011.

More TV

  • HBO Latino Takes U.S. Pay TV

    HBO Latino Takes U.S. Pay TV on ‘Home Team,’ ‘The Watchman’ (EXCLUSIVE)

    LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator. The Murdochs have rejected bids […]

  • Jimmy Kimmel Healthcare

    Disney's Advertising Empire Could Get More High-Tech After Fox Purchase

    LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator. The Murdochs have rejected bids […]

  • The Chew

    Mario Batali Officially Fired From 'The Chew' Amid Sexual Harassment Scandal

    LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator. The Murdochs have rejected bids […]

  • Roseanne

    'Roseanne' Revival Sets March Premiere Date at ABC

    LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator. The Murdochs have rejected bids […]

  • Canneseries to Open With 'The Truth

    First Canneseries to Open With 'The Truth About the Harry Quebert Affair'

    LONDON — The stock price of European pay TV platform Sky rose 3.47% to £10.74 ($16.70) early Monday on speculation that the Murdoch family’s 21st Century Fox is either about to sell its 39% stake in Sky, or renew its efforts to seize 100% control of the growing satellite operator. The Murdochs have rejected bids […]

More From Our Brands

Access exclusive content