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News Corp’s £7.8-Billion Buyout Proposal For BSkyB Gets Rebuffed
Tuesday, June 15, 2010 - 8:40am | 218News Corp (NYSE: NWS) today offered 700 pence a share, or £7.8 billion ($11.5 billion), in cash to acquire the remaining 61% stake it doesn’t hold in British Sky Broadcasting Group PLC (BSY), the largest pay television provider in the UK. NWS currently holds 39.1% stake in BSY. However, British Sky...