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Opening Quote: Sky revenues higher as shares decline

Summary:
Sky revenues higher as shares decline. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. What can you buy for £10.75 a share, or £11.7bn, in the world of UK TV stations? Possibly not Sky plc, judging by its share price movement since Rupert Murdoch’s 21st Century Fox had its bid for the pay-TV company referred to competition regulators. From the point at which a full investigation became inevitable to this week’s news that it will focus on Mr Murdoch’s ability to influence Sky News and “the political agenda”, the shares have fallen 8 per cent, to £9.16 – taking them 15 per cent below the offer price.All this time, Sky shareholders have been in limbo – and the final verdict of the Competition & Markets

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Sky revenues higher as shares decline. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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