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News 21st Century Fox buys Sky in £11.7 billion all-cash deal

Discussion in 'Article Discussion' started by Gareth Halfacree, 16 Dec 2016.

  1. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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  2. Corky42

    Corky42 Where's walle?

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    Is it known if its got regulatory approval this time around?

    Not questioning the article BTW, just interested in the effect that the current political climate in the UK is going to have on any decision that gets made, or has already been made, by TPTB who approve these things.
     
  3. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Approval is still pending, so it could potentially still not happen.
     
  4. Corky42

    Corky42 Where's walle?

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    IMO it shouldn't happen as i can't see why someone who was judged to be unsuitable only 5 years ago would now be suitable, it's not like he's suddenly become a saint, although i guess the restructuring of his companies will now be use to rationalise things. :(
     
  5. Flibblebot

    Flibblebot Smile with me

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    ...and there's the crux of the matter. Now that 21st Century Fox is ostensibly separate from News International, the takeover should get a smoother ride than it did when News Corp tried back a few years ago - although the plurality of news coverage may still be an issue, and there's still the chance that Ofcom might require that Sky News be spun off separately from BSkyB.

    As well as regulator approval (Ofcom and possibly the CMA), I believe the deal still also requires shareholder approval as well.
     
  6. rollo

    rollo Well-Known Member

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    Deal will go through this time, BBC still dominates news like they did the last time, EU commision would not of blocked the deal before. Only UK politics was preventing it been done last time.

    You do know he techically runs both companies right corky? He is on the board of both.

    If the deal fails this time, The Murdoch familly will likely look to sell its SKY stake.
     
  7. SexyHyde

    SexyHyde Member

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    This might be one of the most ridiculous things I've ever heard.
     
  8. Corky42

    Corky42 Where's walle?

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    Being on the board of a company you own a 30% stake in is a little different than owning a 100%, especially when it comes to 'news' outlets.
     
  9. Parge

    Parge the worst Super Moderator

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    Would not be a fan of working for a 100% RM owned company.
     
  10. rollo

    rollo Well-Known Member

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    How so he already said he will look to sell the shares if there offer was not accepted. Read a few websites about it from business people. Rumours are he told them to accept the 40% premium or he sold his stake.

    Too many websites have reported it now.

    Think as long as RM guaranteed the jobs most employees would not notice the difference.

    I also wonder how much BT complain about the deal. As a combined company can basically bid any value for the rights that BT owe. With the removal of package locks stopping sky buying every sports pack we could see football and others finally with 1 company again. Was cheaper that way that's for sure.

    To watch everything including bt sport is above £120 compared to around £75 before
     
  11. Nexxo

    Nexxo Queue Jumper

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    Well, he already bought the UK, may as well finish the job.
     
  12. SexyHyde

    SexyHyde Member

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    There is no way he sells, he has said it to try and convince people of his buyout. He will not want to lose his grip on a significant portion of UK media.

    The reason the price has gone up is because of the exodus of customers. It's a big problem for them at the minute and only looks to get worse.
     

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