Sky pulls out of MediaWorks takeover

Sky pulls out of MediaWorks takeover
Sky TV CEO Sophie Moloney and chair Philip Bowman. (Image: Sky TV)
Daniel Dunkley
Sky TV has withdrawn from talks to buy MediaWorks just a week after announcing its takeover bid.In a statement last night, the satellite broadcaster and operator said it "has ceased discussions to evaluate the possible acquisition" of the outdoor advertising and radio company.Sky said other options remained on the table, including a return to shareholders."As previously communicated, in parallel with its evaluation of potential investment opportunities, Sky has been exploring options to return capital to shareholders and accelera...

More Markets

NZ sharemarket up more than 0.5%
Markets Market close

NZ sharemarket up more than 0.5%

The S&P/NZX 50 Index closed at 11,817.91, up 89.9 points or 0.77%.

Kathmandu still battered by headwinds
Retail

Kathmandu still battered by headwinds

CEO Michael Daly told BusinessDesk he is “obviously disappointed”.

Scott Technologies John Kippenberger to step down
Markets

Scott Technologies John Kippenberger to step down

John Kippenberger will step down from Scott Technologies in May.

The companies making money out of free school lunches
Markets

The companies making money out of free school lunches

Big businesses dominate the provision of free lunches in schools.