News Corp Sky buy out rumour
March 15, 2010
Shares in BskyB plc rose four per cent at the end of last week on rumours that News Corp is preparing a bid to buy out its fellow shareholders in BskyB and take the firm private. News Corp currently owns 39 per cent of BskyB.
However News Corp has not commented and many wonder why they would pay a large premium to secure ownership of a business they already effectively control. That said the company will face another era of investment as it grapples with IP and it may be News believes this will be easier to handle away from the market.