Sky reveals mystery bid talks

Sky TV CEO Sophie Moloney. (Image: NZME)

Fri, 13 Oct 2023

The identity of Sky Network Television’s bidder remained a mystery on Friday morning, but market sources believe private equity firms circling the firm last year still have an interest in the business.Sky shares were put into a trading halt on the New Zealand stock exchange (NZX) in the morning after the company revealed it had received a “highly conditional non-binding preliminary expression of interest from a third party”.It comes a year after reports across the Tasman linked private equity (PE) bidders to a takeover offer.C...

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