Quote:
Originally Posted by muppetman11
Its a combined satellite business which will be in the UK , Germany and Italy rather than a channel.
Murdochs 21st Century Fox own 100% of Sky Italia and 57% of Sky Deutschland , BSKYB (UK) will buy these meaning 21st Century Fox will make a tidy sum leaving Mr Murdoch with his 39% (current BSKYB holding) in the then formed Sky Europe hope that makes sense.
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Good summary, I would add that Murdoch does not own 21st Century Fox himself but he does own 40% of the voting shares. The company is listed in New York and like most listed companies most of its shareholders are financial institutions (pension funds, insurance companies, unit trusts etc). It's his large number of voting shares that gives the impression that it's his company.
---------- Post added at 20:34 ---------- Previous post was at 20:26 ----------
Quote:
Originally Posted by Khenryashley
Got it.
Basically he's made loads of dosh because he is the major shareholder an all of these companies.
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Key thing is he's grown his companies and most have been very successful. Just being a shareholder himself in these companies would not guarantee success - he's used his management skills. Think about how Sky has grown over the years - this has been reflected elsewhere. He's made bold decisions with Sky and with his newspapers, eg by taking on and beating the print unions. We may not like all of his methods and politics but he's been undeniably good news for his shareholders - most of whom are pension funds and insurers.