News Corp should pay more for Sky, says analyst
News Corp should pay up to £3bn (3.6bn) more than it has already offered to secure full control of pay-TV operator BSkyB according to an analyst at Nomura Bank.
Nomura raised its target price for SkyÂs hares from 700p to 1,000p, which would value Sky at £17.5bn. The bankÂs note to investors said that News CorpÂs offer was a Âstrong signal that the company was now in a position to harvest its cash flow after years of deferring to make additional investment and secure subscriber growth.