8th Apr 2015 05:13
PARIS (Alliance News) - French media giant Vivendi SA has denied media speculation that it might seek to acquire pay-TV provider Sky PLC, Bloomberg reported.
According to the report, a representative of the Paris-based company said it was looking at Sky as one of many options to expand its own TV business Canal Plus.
A report that appeared in the media earlier had said that Vivendi was considering the deal after reviewing targets in Turkey and other parts of Europe.
Middlesex, UK-based Sky was reported to cost as much as GBP28 billion, including debt. The acquisition is expected to help Vivendi build a pan-Europe pay-TV business.
Copyright RTT News/dpa-AFX
Related Shares:
Sky