Vodafone tipped as potential bidder for Sky
Vodafone, an FTSE-100 mobile telecoms group, could be poised to make a takeover bid for the listed UK-based satellite television broadcaster Sky, the Sunday Express reported. The newspaper cited people familiar with the matter who said Vodafone could make an offer for Sky early next year.
The article went on to cite another source who said a Vodafone bid for Sky definitely could happen, with Vodafone keen to broaden its offering.
Vodafone and Sky both refused to comment, the report said.
An analyst cited by the newspaper predicted that Vodafone will acquire Sky next year. Sky would be a good strategic fit for Vodafone and would complementary in Germany, Italy and the UK.
Sky is reportedly in discussions with Vodafone already about hiring some of the mobile network’s infrastructure so that Sky can provide mobile services, the item said. The item did not name the original report.
Sky's market capitalisation stood at GBP 15.28bn (EUR 19.53bn) at the close of trading in London on Friday, 19 December.
Sunday Express