BSkyB buy out on the cards?

Is a buy out of BSkyB on the cards?

The market feels that something is in the pipeline as shares rose by a further 2.4 per cent, taking them up to 584p.

This increase in value is buoyed by the continued speculation that Rupert Murdoch’s News Corp, which already owns a thirty nine per cent stake in BSkyB, may be preparing to buy the remaining sixty one per cent of the satellite broadcaster.

If Rupert Murdoch has BSkyB in his sights for a total takeover then now would be as good as time any as the conditions are right and the price is too.

BskyB has seen off the worst of the recession and estimated profits for the company are expected to increase by twenty per cent a year, over the next three years.