Sky plc in the UK has agreed to an offer from 21st Century Fox, Inc to acquire the company for a value of £18 billion ($22.9 billion). The company had previously tried to buy Sky, but hit some roadblocks. Sky plc in the UK previously acquired Sky Italia and Sky Deutschland from 21st Century Fox. (Sky Finalises Deutschland Buyout)
Analyst Comment
21st Century Fox is owned by Rupert Murdoch, who also owns a lot Sky. However, regulators in the UK will take a close look at this deal. Sky is important to the European pay TV business as it has been significant in developing services and technologies. (BR)
