News Corp., Murdoch, edge closer to control of BSkyB

Rupert Murdoch's News Corp.--long rumored to want the 61 percent of UK satellite broadcaster BSkyB it didn't own--appears to have pushed that teapot to the front burner.

News reports out of the U.K. have Murdoch in London and at the BSkyB board meeting to discuss a possible deal.

Murdoch and News Corp were pilloried last week for valuing the company at some $17.7 billion, far less than many observers said the company was worth.

News Corp. is the largest shareholder in BSkyB; it controls 39 percent of the company. If News Corp. is successful in buying BSkyB, it would have complete control of the U.K.'s dominant pay-TV outlet.

News Corp. last month was rumored to have some $8.2 billion in cash and cash equivalents available.

For more:
- see this Telegraph story

Sponsored by Dell Technologies

Whitepaper: How to Elevate Your Content Delivery Workflows With Dell EMC PowerScale

Learn how Dell EMC PowerScale helps meet surging viewer demand while reducing costs with a single centralized platform for the ingest, processing, and delivery of the content your viewers love.

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Comcast is planning new data caps and video service price increases for its subscribers in 2021.

The Apple TV remote is an often reviled peripheral device. Universal Electronics has taken it upon itself to create a different option.