News - News Corp bids for complete ownership of BSkyB

[HEXUS]

The offer to acquire the remaining 61 percent of the company is rejected as being too low.

Read more.

[bradyjames]

I had always assumed that BSkyB was controlled by News Corp anyway! I was surprised to hear the offer had been rejected.

[GheeTsar]

I had always assumed that BSkyB was controlled by News Corp anyway!

+1. I had no idea Murdoch only owned a portion of the company.

[Singh400]

Waahhhhh? I was under the impression that NewCorp owned Sky already...?!

[Funkstar]

It makes sense it is a partnership as originally there was BSB (British Satellite Braodcasting) and Sky. Which merged to become BSkyB. If it had been an outright purchase by Sky the company would have been called just Sky. Or the channels and service would have been sky with the parent company being Newscorp, not BSkyB.

I thought it would have been more like 51%/49% though.