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 Chairman Jean-Rene Fourtou pledged a full strategy review to convince investors the telecommunications-to-media company can see through asset sales to refocus its business a year after first saying he’d do so.