Thursday, 30 June 2016

Murdoch in first major UK M&A deal post Brexit with £220 million talkSport buy; Sky next?

Perhaps those (I have to include myself here) predicting a slowdown in UK M&A post Brexit spoke too soon.

News Corp - the publishing company controlled by media tycoon Rupert Murdoch - has just announced it is purchasing Talksport-owner Wireless Group for £220 million. Here is a link to the regulatory news service announcement:

Or, maybe it's just a case of Rupert Murdoch, who recently described Britain's withdrawal from the European Union as 'wonderful', putting his money where his mouth is.

Fair play, I guess.

But I'm pretty sure this will rekindle the bid rumours (which have been lingering in the London market for the last year or so) about Sky...


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