British Sky Broadcasting Group Plc would be a tempting target for Vodafone Group Plc or Telefonica SA -- if billionaire Rupert Murdoch is ready to give up his stake in the U.K.’s biggest pay-TV provider.
Just as former champion Arsenal has shaken up England’s Premier League this season, new European sports broadcasters are causing trouble for rivals that have long had a lock on televising soccer matches.
Rupert Murdoch said last week he regretted the 1994 initial public offering of British Sky Broadcasting Group Plc, which reduced News Corp.’s control. Now its remaining 39 percent holding in the U.K.’s biggest pay-TV company may be slipping further from his grasp.
Activision Blizzard Inc., the video- game company put on the block by majority shareholder Vivendi SA, gave Co-Chairman Brian Kelly a new contract that pays him a bonus of $15 million or more if the company gets bought.
For potential bidders circling EMI Group Ltd., the takeover of Warner Music Group Corp. may have doubled the price tag for the money-losing music label that was seized by its creditor just six months ago.
Vivendi SA shareholder Vincent Bollore will replace Chairman Jean-Rene Fourtou, who led the former French utility for more than a decade, when it completes a separation of telecommunications business from media assets.
Pearson Plc shares have lagged behind peers since hitting a 12-year high in July as a restructuring at the publisher of everything from textbooks to Tom Clancy’s thrillers failed to convince investors of its digital strategy.