James Murdoch has returned to Sky as chairman, four years after standing down in the wake of the News of the World phone-hacking scandal. His appointment has triggered talk of a takeover, with US broadcaster Fox believed to be intent on snapping up a majority share.
Fox, which is owned by James' father Rupert, already has a 39 per cent chunk of Sky’s business, and its desire to take full control is well-known. It tabled a bid back in 2011, which collapsed and, according to the BBC’s Kamal Ahmed, James Murdoch has always seen that as ‘unfinished business’.
He attracted strong criticism for his handling of the phone-hacking scandal before he left his role as chairman of News International. At the time, Ofcom said that his behaviour “fell short” of what was expected. So much for 'Believe in better'. [BBC]