21st Century Fox in talks to up stake in Tata-Sky

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After its proposal to takeover Sky in the UK, Rupert Murdoch’s 21st Century Fox is reportedly in talks with Tata about upping its stake in the direct-to-home platform, Tata Sky.

Currently, Murdoch owns near 30% stake in the Tata Sky, through its investment arm Network Digital Distribution Services LLC.

Talking to Hindustan Times, a source said, “Fox is looking to consolidate its position and control in several markets and has made repeated attempts to take over BSkyB, a television and broadband services provider in the UK.”

A Tata Sons spokesperson said, “We do not comment on speculation.”

As per data in December 2015, Tata Sky has a 21.52% market share in India .

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