French giant Vivendi ‘considers reach for Sky’

VivendiThe French media conglomerate Vivendi is looking at a possible skyacquisition of pay-TV group Sky, as one of several options to expand the reach of its own TV group Canal Plus, three sources familiar with the matter said. Sky has a market value of £17.6bn ($26bn) but could cost Vivendi as much as £28bn including debt, the sources said.

For the full story read The Guardian and The Telegraph