Tag Archive: sky

Sky and 21st Century Fox agree £18.5bn takeover deal

Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own.

Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn.

The deal comes amid concerns that Rupert Murdoch, who also owns the Sun and the Times newspapers, will have excessive influence over UK media.

Karen Bradley, the Culture Secretary, will have 10 days to decide whether the Fox bid raises public interest concerns – in this case media plurality. She has the power to ask Ofcom, the media watchdog, to examine the deal.

sky-logo

Tom Watson, shadow culture secretary, urged Ms Bradley to refer the deal to Ofcom: “When she stood on the steps of Downing Street this summer, the prime minister said to the people of this country that ‘when we take the big calls, we’ll think not of the powerful, but you’.

“This is a big call. The government needs to decide whose side it’s on.”

A number of Sky shareholders, including Standard Life Investments and Jupiter Asset Management, have questioned the independence of the non-executive directors and their ability to extract a higher price since a possible bid was announced last Friday.

Richard Marwood, senior fund manager at Royal London Asset Management, owner of a 0.36% stake in Sky, urged Sky’s board to share more information on the independent financial advice that they based their agreement with Fox on.

“Such disclosure would help shareholders assess the fairness of the offer and give greater confidence in the independence of the committee in the bid process,” he said.

James Murdoch, Rupert Murdoch’s son, is both chairman of Sky and chief executive of Fox.

Sky deputy chairman Martin Gilbert, who is also chief executive of Aberdeen Asset Management, which owns a 0.39% stake in the broadcaster, said: “[We] believe 21st Century Fox’s offer at a 40 per cent premium to the undisturbed share price will accelerate and de-risk the delivery of future value for all Sky shareholders. As a result, the independent committee unanimously agreed that we have a proposal that we can put to Sky shareholders and recommend.”

21st Century Fox plans to buy the remaining stake in Sky through a scheme of arrangement, which means it needs the approval of investors holding 75% of the shares.

Sky has 22 million customers in the UK, Ireland, Italy, Germany and Austria.

In 2011, Rupert Murdoch abandoned a bid to take full control of Sky in the wake of the phone hacking scandal.

 

source: http://www.bbc.com/news/business-38326530

 

Sky Online – the new way to get Sky

Sky Deutschland is now offering a brand new, easy, and flexible way to experience the great content from Sky, at home or on the go. For the first time, the new, standalone online TV service Sky Online makes it possible for everyone without a traditional Sky subscription to register at www.skyonline.de and immediately enjoy a great selection of latest series, most recent blockbusters and exclusive live sports on the internet, iPad and iPhone. The service is running on a monthly contract duration and will be expanded in the next months to include the Sky Online TV Box, Xbox One, LG and Samsung Smart TVs as well as select Android tablets and smartphones – with even more devices and platforms to follow.

Two different programming packages including both linear channels and a vast variety of on-demand highlights (more than 10.000 titles per year) can be booked for Sky Online: The Sky Starter package and the Sky Film package. In addition, customers with either of these packages can easily add a Sky Supersport Tagesticket as and when they want.

With the Sky Starter package customers can enjoy first-run series such as “The Walking Dead” (Fox, season 5), “Klondike” (TNT Serie, season 1, from 12.11.) and “The Blacklist” (RTL Crime, season 2, from 25.11.), as well as entire series box sets, thrilling documentaries, classic movies, top quality kids’ programs – with the proven and tested Kids’ Lock function from Sky Go – and many more highlights on demand over the internet for only € 9.99 per month. This also includes the complete catalogue of Snap, the online video library from Sky with thousands of titles from the Sky Collection, as well as the nine linear streams for web and iOS: Fox, RTL Crime, TNT Serie, TNT Glitz, National Geographic, Spiegel Geschichte, Disney Junior, Disney XD and Sky Sport News HD.

With the Sky Film package on Sky Online, movie and series fans get first run blockbuster movies – twelve months before any other online TV service – as well as the outstanding exclusive programs from Sky Atlantic, the home of HBO. The package, which is available for € 19.99 per month, also allows viewers to stream the linear channels Sky Cinema, Sky Atlantic and Disney Cinemagic on web and iOS.

For a convenient and flexible sport experience, look no further than the Sky Supersport Tagesticket. Every Sky Online customer with the Sky Starter package or Sky Film package can book this ticket to receive full day access (6 AM to 6 AM the next day) to all Sky Bundesliga and Sky Sport channels. This makes it possible to enjoy the games of the Bundesliga, UEFA Champions League, Formula One, Formula E, golf and much more exclusive live sport for only € 19.99 per day.

Sky Online TV Box
As part of a strategic partnership with the American streaming leader Roku, Sky has also developed its own streaming box, which upgrades every television into a Smart TV. Customers will be able to instantly stream the complete Sky Online and Snap programming catalogue to the television. In addition to both of Sky Online services, customers will also have access to even more apps through the Roku streaming platform. The Sky Online TV Box will be available in the next months and is based on Roku’s portfolio of award winning streaming players. More details on the Sky Online TV Box are coming soon.

Brian Sullivan, CEO Sky Deutschland: “Sky TV already delivers our customers the most complete, best value and highest quality viewing experience in Germany and Austria through our core broadcast and online service, which includes Sky HD, Sky+, Sky Anytime, Sky Go and Snap. With Sky Online we wanted to provide an additional option, combining some of the advantages of our traditional pay-TV premium service with the added flexibility that an online service enables. For the beginning, we are launching the service for the web and iOS and we will expand it to many more devices and platforms over the weeks and months to come, including our own Sky Online TV Box.

Sky TV remains the home of the widest choice, highest picture quality and best value, but Sky Online is just the right thing for those who want more flexibility to match their lifestyles. This unique portfolio enables us to offer the ideal product for every customer segment.”

http://www.sky.de