Sam Trethewey: Milford Asset Management Portfolio Manager on Sky indicating it had terminated takeover discussions with a bidder
Sky TV has terminated discussions about a potential takeover with an unnamed third party.
Last month, the company reportedly received an expression of interest from a prospective bidder hoping to buy the company out.
Earlier today, Sky revealed they had received a non-binding offer from the third party that didn't meet their expectations.
Milford Asset Management's Sam Trethewey explains why Sky rejected this proposed buyout.
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