According to several media, the Murdoch family would have rejected a bid on its stake in pay television group Sky by French media group Vivendi. Such a bid could make sense from the viewpoint of a consolidation of the European pay television sector. However, the pay television sector ? and television in general ? is losing importance due to the rise of alternative video platforms via streaming, from YouTube to Netflix and others. – Source

A Vivendi Bid on Sky Stake Would Herald Consolidation But Could Be Betting On Wrong Horse
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