Money Britain toughens stance on Murdoch's bid for Sky

13:06  13 september  2017
13:06  13 september  2017 Source:   Reuters

Lachlan Murdoch, Bruce Gordon lodge new bid for Network Ten

  Lachlan Murdoch, Bruce Gordon lodge new bid for Network Ten Lachlan Murdoch and Bruce Gordon have lodged a fresh bid for Network Ten, increasing their offer for creditors of the troubled broadcaster pool from $35 million to $55 million. The media moguls said on Friday in a proposal put to Ten's administrator that their new offer had a "single implementation path" and "lower transaction risk" than their previous bid, thanks to the Senate voting 31-27 in favour of lifting ownership restrictions on Thursday night.The laws must still return to the House of Representatives in October to approve amendments before heading back to the Senate, but the voting outcome is likely to be the same.

LONDON: Britain toughened its stance on Rupert Murdoch ' s US billion takeover of Sky on Tuesday, an unexpected move that sent shares in the pay-TV group down sharply on fears it may be blocked. Fox returned with an agreed bid for Sky in December last year.

LONDON: Britain toughened its stance on Rupert Murdoch ' s US billion takeover of Sky on Tuesday, an unexpected move that sent shares in the pay-TV group down sharply on fears it may be blocked. Fox returned with an agreed bid for Sky in December last year.

  Britain toughens stance on Murdoch's bid for Sky © REUTERS/Mike Segar The British government toughened its stance on Rupert Murdoch's $15 billion takeover of Sky (SKYB.L), sending shares in the pay-TV group down sharply on fears it would take longer, and be more difficult, to complete.

British Media Secretary Karen Bradley had already said it would ask the competition regulator, the CMA, to examine whether the deal would give Murdoch's Twenty-First Century Fox (FOXA.O) too much control over the media.

On Tuesday she said she was minded to also ask for a six-month investigation into whether Fox would uphold broadcasting standards, following complaints over the management of Fox News in the United States.

Billionaire Ten backer Bruce Gordon wins first round in challenge to CBS takeover

  Billionaire Ten backer Bruce Gordon wins first round in challenge to CBS takeover Billionaire Network Ten backer Bruce Gordon has successfully delayed a meeting of the failed company's creditors.Mr Gordon took urgent action in the NSW Supreme Court on Wednesday to prevent Ten's administrator, KordaMentha, holding a second creditors' meeting next Tuesday.

LONDON: Britain toughened its stance on Rupert Murdoch ' s US billion takeover of Sky on Tuesday, an unexpected move that sent shares in the pay-TV group down sharply on fears it may be blocked. Fox returned with an agreed bid for Sky in December last year.

The British government toughened its stance on Rupert Murdoch ' s billion takeover of Sky , sending shares in the pay-TV group down sharply on fears it would take longer, and be more difficult, to complete.

Sky logo is seen in west London, Britain© REUTERS/Toby Melville Sky logo is seen in west London, Britain Shares in Sky fell 4 percent on the unexpected twist.

"I have taken careful account of all relevant representations ... and have, today - as required by the legislation - written to the parties to inform them I am now minded-to-refer the merger to the CMA on the grounds of genuine commitment to broadcasting standards," she told parliament."

Fox, which already owns 39 percent of Sky, agreed a deal to buy the company in December last year.

Susan Boyle has been attacked by a pack of teenagers in her Scottish hometown. .
Former Britain’s Got Talent winner Susan Boyle is being attacked by a group of more than 15 youths in her hometown of Blackburn in Scotland. Former Britain’s Got Talent winner Susan Boyle is being attacked by a group of more than 15 youths in her hometown of Blackburn in Scotland.

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