SVG Capital Plc, the biggest backer of private equity firm Permira Advisers LLP, said the value of its assets rose 12 percent in the first half, boosted by investments in Hugo Boss AG and Galaxy Entertainment Group Ltd.
James Murdoch, News Corp.’s deputy chief operating officer, stepped down as chairman of pay-TV company British Sky Broadcasting Group Plc following demands he resign over his role in a U.K. phone-hacking scandal.
Rupert Murdoch’s News Corp . says the 7.8 billion-pound ($11.6 billion) bid for British Sky Broadcasting Plc is “full and fair.” Investors and analysts say even a 14 percent increase would be the “bare minimum.”
British Sky Broadcasting Plc , the U.K.’s largest pay-TV provider, spurned a 7.8 billion-pound ($11.6 billion) offer from Rupert Murdoch’s News Corp. , asking for the bid to be raised by at least 14 percent.
British Sky Broadcasting Group Plc , which rejected News Corp.’s proposed bid for full ownership last month, said annual adjusted operating profit rose 10 percent as more clients signed up for high-definition television service.
James Murdoch, News Corp.’s deputy chief operating officer, may step down as chairman of British Sky Broadcasting Group Plc, the Sunday Telegraph reported, citing a person with knowledge of the situation.
British Sky Broadcasting Group Plc’s board may come under pressure to push Rupert Murdoch ’s News Corp. for another 2.2 billion pounds ($3.6 billion) as hedge funds flow into shares of Britain’s largest pay-TV provider.