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Rumour: Vivendi consider Sky Buyout

Will French media giant ciel the deal?

by Mark Hodgkinson Apr 8, 2015 at 4:16 PM

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    Rumour: Vivendi consider Sky Buyout
    According to a report from Reuters, French media giant, Vivendi, is looking at a possible takeover of Sky.
    Apparently this is just one of several options the conglomerate is eyeing, as it looks to increase the reach of its own TV group, Canal Plus. As usual the sources are unnamed but Reuters says they have spoken to three of them, whom all confirm the rumour

    Sky has a market value of 17.6 billion pounds ($26 billion) but could cost Vivendi as much as 28 billion pounds including debts, the sources said. Vivendi has not yet decided on whether or not to proceed with an offer, the sources said, adding that the deliberations are in their infancy.

    Spokesmen for Vivendi, Sky Twenty-First Century Fox - who own 39 percent of Sky -declined to comment.

    Britain's largest pay-TV company bought out nearly all of Sky Deutschland and all of Sky Italia, in deals last year, piquing the interest from Vivendi , although the likely cost of buying Sky and the rise in interest in streaming services are factors that might scupper any approach.

    Source: Reuters

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