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Friday, July 25, 2014 10:31:22 AM
BSkyB to Buy Italian and German Units of Murdoch’s 21st Century Fox
By MARK SCOTT
July 25, 2014 3:22 am
The media giant 21st Century Fox’s attempts to buy Time Warner Inc. may soon be heating up.
On Friday, 21st Century Fox said it was selling its Italian and German pay-television assets to British Sky Broadcasting Group for more than $9 billion, the latest sign of consolidation in Europe’s media industry.
The deal with BSkyB, the British satellite broadcaster that is 39 percent owned by Rupert Murdoch‘s 21st Century Fox, comes after Time Warner rejected his $80 billion takeover approach.
The sale of 21st Century Fox’s European assets could provide the company with extra financial firepower to make a potential renewed offer for Time Warner, as analysts expect Mr. Murdoch to make a fresh attempt to acquire the American media company.
http://dealbook.nytimes.com/2014/07/25/bskyb-to-buy-italian-and-german-units-of-21st-century-fox/?ref=business
By MARK SCOTT
July 25, 2014 3:22 am
The media giant 21st Century Fox’s attempts to buy Time Warner Inc. may soon be heating up.
On Friday, 21st Century Fox said it was selling its Italian and German pay-television assets to British Sky Broadcasting Group for more than $9 billion, the latest sign of consolidation in Europe’s media industry.
The deal with BSkyB, the British satellite broadcaster that is 39 percent owned by Rupert Murdoch‘s 21st Century Fox, comes after Time Warner rejected his $80 billion takeover approach.
The sale of 21st Century Fox’s European assets could provide the company with extra financial firepower to make a potential renewed offer for Time Warner, as analysts expect Mr. Murdoch to make a fresh attempt to acquire the American media company.
http://dealbook.nytimes.com/2014/07/25/bskyb-to-buy-italian-and-german-units-of-21st-century-fox/?ref=business
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