More than £11bn for Sky? Now that really is a premium package

On the surface, 21st Century Fox’s bid is another blockbuster Murdoch deal. But is satellite TV still worth the money Rupert is willing to pay?

Of course Karen Bradley must – and surely will – trigger an Ofcom investigation into the family Murdoch’s bid to reclaim all of Sky. That’s what media ministers are for. Of course there’s a need to decide how many boardroom chairs James Murdoch can sit on. Of course Rupert loathers have another field day. And of course investors (never the apple of the family’s eye anyway) may grow predictably restive over this £11.7bn offer for the 61% chunk of Sky the Murdochs don’t control already.

All of which probably won’t stop the deal going through. 2011 isn’t 2016; the media landscape Ofcom sees has changed hugely. Which is why the most interesting questions arrive from out of a clear blue sky.

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from Mergers and acquisitions | The Guardian http://ift.tt/2gOfZ0p