Fox Rumor of Takeover Bid Elevates Shares of UK’s Sky

This is Money: Sky shares soared as rumors persisted that James Murdoch at 21st Century Fox may make an offer for the firm. Fox is the largest shareholder in Sky, with 672.8 million shares in the business, representing a 39.1 percent stake. In 2015 CEO Murdoch said the firm was not content being a partial shareholder in Sky.