Sky investor Crispin Odey says he now opposes Fox takeover

From Reuters - November 7, 2017

LONDON (Reuters) - Veteran hedge fund manager Crispin Odey now opposes Twenty-First Century Foxs (FOXA.O) 11.7 billion pound ($15.4 billion) bid to take control of British pay-TV broadcaster Sky (SKYB.L) in a move that could raise further doubts about the deal.

Odey, whose firm is Skys 17th biggest investor with a 0.9 percent stake, according to Thomson Reuters data, believes that Foxs 10.75 pound-a-share bid starts to look like its not a very good price for the broadcaster.

Id vote against the deal, Odey told Reuters, when asked how he would vote on the offer. He added: The interesting thing is: can Sky survive happily without Fox? I think it can quite happily.


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