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Murdoch eyes consolidation of Sky assets in Europe

2014-05-12 353 Dailymotion

British broadcaster BSkyB has confirmed that is in discussions to acquire stakes in Sky Italia and Sky Deutschland from 21st Century Fox.<br /><br />It is a clear sign that News Corp boss Rupert Murdoch is keen to merge his European television assets.<br /><br />The Murdoch family is the largest shareholder in 21st Century Fox, which is in turn the main shareholder in BSkyB.<br /><br />The potential deal would create a pan-European conglomerate, which that analysts say could help Sky better compete with the rising threat of streaming video services, such as Netflix.<br /><br />BSkyB’s shares fell on the news of a possible merger.

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