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Sam Trethewey: Milford Asset Management Portfolio Manager on Sky indicating it had terminated takeover discussions with a bidder

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Sky TV has terminated discussions about a potential takeover with an unnamed third party.

Last month, the company reportedly received an expression of interest from a prospective bidder hoping to buy the company out.

Earlier today, Sky revealed they had received a non-binding offer from the third party that didn't meet their expectations.

Milford Asset Management's Sam Trethewey explains why Sky rejected this proposed buyout.

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