Sky TV shares surge, Spark falls on Vodafone merger

Thu, 09 Jun 2016

By Jonathan Underhill June 9 (BusinessDesk) - Sky Network Television shares have surged while Spark New Zealand fell on speculation a Sky TV-Vodafone Group merger will provoke even more intense competition in broadcast content and the platforms it is delivered on. Sky TV stock jumped 17 percent to a month-high $5.25, still below the $5.40 price at which Vodafone would be issued shares in the combined company. Spark fell 3.6 percent to $3.36, the lowest since late February. Under the transaction unveiled today, Sky TV would acquire all the...

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