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.
LISTEN ABOVE

Enda Brady: UK correspondent speaks ahead of Trump appearance at NATO summit
03:54

Hamish McKay: The Country spokesperson on the impacts of the rain in Kaikōura
03:25

The Huddle: Should we be worried about China?
09:29