The Traderszone Network

Published in TZ Latest News 10 May, 2014 by The TZ Newswire Staff

Murdoch reported to be moving to consolidate European pay-TV holdings

Reports this weekend that Rupert Murdoch’s 21st Century Fox wants to consolidate its pay-TV European holdings by combining the company’s stake in British Sky Broadcasting Group Plc (BSY.L) with its Sky Deutschland (SKYD.DE) and Sky Italia assets would fit with the company’s long-held view the Sky’s would be strong together. Bloomberg reported on Friday that Fox was in talks for such a deal, worth about 10 billion euros ($13.76 billion), that would turn BSkyB into a European satellite-TV giant.

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