21^st Century Fox: acquisition of the entirety of Sky for £11.8bn (about €14bn)

21^st Century Fox has acquired the entirety of British audiovisual group Sky for £11.8bn (about €14bn), announced the US media conglomerate on 15/12/2015. The agreement, for £10.75 (€12.70) per share of Sky, must still be approved by UK regulatory authorities.

The independent directors of Sky announced it has been approached by the US media conglomerate 21^st Century Fox in order to acquire all of the British broadcaster, on 09/12/2016.

James Murdoch, son of Rupert Murdoch, became president of Sky plc board of directors on 29/01/2016 and officially took office at the end of April 2016. Also CEO of 21^st Century Fox (which owns 39.1% of Sky), he had already occupied the Sky presidency between 2003 and 2007.

"Sky is the #1 pay-TV brand in all its key markets" (21^st Century Fox, on 15/12/2016)

• "As the founding shareholder of Sky, we are proud to have participated in its growth and development.

• The strategic rationale for this combination is clear.  It creates a global leader in content creation and…