Murdoch bids for Sky on cheap after Brexit vote

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DinkyDoobie

10-12-2016

Originally Posted by Dingbat:
“Because it now includes Sky's operations in Germany and Italy, which they bought for £5Bn in 2014 from....

Rupert Murdoch.

http://www.bbc.co.uk/news/business-28479200”

Their bid now is still more than the bid they made in 2010, including that £5 billion, about £1.5 billion more.

When they made the bid they weren't offering the share price, they were offering almost 40% more than the share price which has now shot up by 50%.

Dingbat

10-12-2016

Originally Posted by DinkyDoobie:
“Their bid now is still more than the bid they made in 2010, including that £5 billion, about £1.5 billion more.

When they made the bid they weren't offering the share price, they were offering almost 40% more than the share price which has now shot up by 50%.”

And since 2010, their TV customer base has increased by about 25% in the UK alone, let alone across the other European markets, and their share of the broadband market has increased substantially.

While the share price may not have reflected it thanks to the overall post-referendum depression of companies in the FTSE who trade mainly here, sinking from 1000p a year ago to about 750p before the buying frenzy on Friday, the company is worth a lot more now than it was six years ago.

Thiswillbefun

10-12-2016

Originally Posted by B-29:
“What is political about this exactly ?
Is Sky TV compulsory to pay for like the BBC is if you have a TV or is this just an excuse for the OP to mention Brexit yet again?”

Murdoch's media empire lied to ensure their readers were more inclined to vote for Brexit.

Murdoch is now able to bid for total control of Sky because of the fall in sterling caused by Brexit.

Murdoch has done deals with several PMs including Thatcher, Blair and Cameron to support them in return for "favours".

Hence the silly "Corbyn dancing at the Cenotaph" headlines to damage Labour & help keep the Tories in power.

It's estimated that the influence of Murdoch's media empire has caused a minimum 6% shift in voting intentions. That includes Blair's landslide victory & Brexit.

Gaining more control of Sky gives him even more power in the UK and abroad.

Aurora13

11-12-2016

Originally Posted by Thiswillbefun:
“Murdoch's media empire lied to ensure their readers were more inclined to vote for Brexit.

Murdoch is now able to bid for total control of Sky because of the fall in sterling caused by Brexit.

Murdoch has done deals with several PMs including Thatcher, Blair and Cameron to support them in return for "favours".

Hence the silly "Corbyn dancing at the Cenotaph" headlines to damage Labour & help keep the Tories in power.

It's estimated that the influence of Murdoch's media empire has caused a minimum 6% shift in voting intentions. That includes Blair's landslide victory & Brexit.

Gaining more control of Sky gives him even more power in the UK and abroad.”

It's not just Murdoch though is it. Daily Mail are at it as well shifting ownership/shares. It's all about money and power. Funnily enough they couldn't control EU.

B-29

11-12-2016

Do you actually believe this crap ?

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