A Sky takeover? Where there’s smoke ...

The AFR says Sky has been pitched to private equity firms as a turnaround story. (Image: Sky TV)

Fri, 03 Jun 2022

Sky Network Television sent the rumour mill into overdrive this week as the reputable Australian Financial Review (AFR) published a story suggesting the pay TV company was actively courting a take-private deal.The article says Sky’s advisers are knocking on the door of various buyout firms, encouraging them to kick the tyres on a takeover offer. The leak suggests someone across the Tasman is keen to generate some competitive tension for the company.The story sent Sky shares soaring by 9% on Monday as investors piled on in the hope of...

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