Newscorp's bid for Sky snubbed

BSkyB said today that it had rebuffed an initial attempt by Rupert Murdoch’s News Corporation to take full control of the UK satellite broadcaster.

Newscorp's bid for Sky snubbed
Tue, 15 Jun, 2010 - 08:58

BSkyB said today that it had rebuffed an initial attempt by Rupert Murdoch’s News Corporation to take full control of the UK satellite broadcaster.

The 700p-a-share approach for the 61% of BSkyB that NewsCorp does not currently own values the FTSE 100 Index company at around £12bn (€14.5bn).

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