Fox Unlikely to Take Full Control of Sky at Bargain Price

Bloomberg Gadfly: Now might look like an opportune moment for 21st Century Fox to buy out the 61 percent of Sky it doesn’t already own. Indeed, the stock clawed back some of those losses last week amid vague speculation of an offer. If only it were so easy. The dwindling stock price is in part due to concern Sky is too reliant on costly sports content to stop customers defecting to the likes of Netflix.