Sky tells buyers to aim higher, rejects takeover bid

The broadcaster believes the bidder was not willing to pay a high enough price. (Image: Sky)

Wed, 08 Nov 2023

Sky's board says the price on offer from a mysterious third-party bidder was too low, and it will resume a paused share-buyback programme instead. In a statement released on Wednesday morning, Sky Network Television said its board rejected an offer to take over the company. It said the price on offer fell short of what the board and shareholders thought the company was worth.Sky paused a share-buyback programme to consider the offer, and the company said this would now resume on the same terms announced in March. "Yesterday,...

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