Sky's investors cheer its Premier League result [Reuters]
Fox Corporation - Class B (FOX)
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Source: Reuters
Sky's investors cheer its Premier League result | Reuters Reuters Staff 2 Min Read LONDON (Reuters) - Rupert Murdoch’s Sky has tightened its grip on English Premier League soccer rights at a lower price than it currently pays, boosting its shares early on Wednesday. The positive outcome for the European pay-TV company could strengthen the hand of shareholders who want Twenty-First Century Fox to raise its offer to buy the 61 percent of the group it does not already own, analysts said. Disney also had an interest in the result because if its deal to buy Fox assets is cleared, it will end up owning either all of Sky, or the 39 percent stake that Fox currently holds. Shares in Sky rose 3.2 percent in early deals to a two-year high of 10.95 pounds, exceeding the 10.75 pounds per share that Fox agreed to pay for the group in December 2016. Sky’s pay-TV and broadband rival BT fared less well, winning the British rights to fewer games than it has currently has, although its total bill is sli
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