European pay-TV group Sky Plc has been approached by Rupert Murdoch’s Twenty-First Century Fox Inc to buy the company.
London-listed Sky said in a statement on Friday it had “reached agreement” with 21st Century Fox on a price of £10.75 per share, but there was no certainty that a firm offer will be made.
Fox’s offer of £10.75 per share in cash, is a 36.2% premium to Sky’s Thursday close and values Sky at about 18.48 billion pounds ($23.23 billion).
Fox already owns 39.1% of Sky, according to Thomson Reuters data.
Source:- Hindustan Times.
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