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SKY Sky

1,727.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sky LSE:SKY London Ordinary Share GB0001411924 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,727.50 1,727.00 1,727.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

21st Century Fox Says to Continue Buyback Program

25/07/2014 11:50am

Dow Jones News


Sky (LSE:SKY)
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LONDON-- Rupert Murdoch's 21st Century Fox Inc. said it would continue its share buyback program through the next fiscal year, a move that may encourage investors worried about the company's efforts to acquire Time Warner Inc.

Fox, in a statement Friday disclosing it would sell Sky Italia and its stake in Sky Deutschland to British Sky Broadcasting Group PLC, said it would announce details of the new buyback program early next month, at its year-end earnings results.

In the statement, Mr. Murdoch, Fox's chairman and chief executive, said the renewed authorization would be executed "regardless of any potential acquisition or investment activity."

Fox made an $80 billion cash and stock offer for Time Warner, though the bid was rejected.

21st Century Fox was until June 2013 part of the same company as News Corp, publisher of The Wall Street Journal and Dow Jones Newswires.

Write to Chip Cummins at chip.cummins@wsj.com

Copyright (c) 2014 Dow Jones & Company, Inc.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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