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    Sky buys amstrad

    This is a discussion on Sky buys amstrad within the General chat forums, part of the Community channel category; from wotsat: What Satellite & Digital TV Sky buys Amstrad Sky has created its own consumer technology R&D and production ...

    1. #1
      reddwarfcrew's Avatar
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      Sky buys amstrad

      from wotsat:

      What Satellite & Digital TV


      Sky buys Amstrad

      Sky has created its own consumer technology R&D and production division after buying Amstrad for £125million.
      The deal is backed by Amstrad's directors and its chairman, TV grump Sir Alan Sugar, with shareholders receiving a 24 per cent bonus on the current price of Amstrad stock.

      Sky's chief executive, James Murdoch, said: “Sky and Amstrad have had a long and positive relationship. The acquisition accelerates supply chain improvement , and will help us to drive innovation and efficiency for the benefit of our customers.”

      Sky said the deal will provide it with an in-house product design and development capability, so it would be able to accelerate the development of new and more innovative products.

      It will also have greater control over product design, technical specifications, and product quality, and will save on the cost of equipment to Sky.

      Amstrad's chairman and chief executive, Sir Alan Sugar, will stay on to run the new division, with a healthy £34.5m in his back pocket.


      He said: “Amstrad has worked closely with Sky for many years and I cannot imagine a better home for the Amstrad business and its talented people.


      "Our companies share the entrepreneurial spirit of bringing innovation to the largest number of customers. Sky is a great British success story. I'm proud to have worked so closely with it, and I look forward to continuing to play a part in this exciting business.”

      However, the deal will probably mean the end of business with external equipment manufacturers like Pace and Thomson, which had already declined over recent years.


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    3. #2
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      Re: Sky buys amstrad

      ~ Never, ever, argue with an idiot. They'll drag you down to their level and beat you with experience ~

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      Re: Sky buys amstrad

      I bloomin looked down the posts as well to see if someone else had, but couldn't see anything!

      i'll get my coat

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      Re: Sky buys amstrad

      tbh I think Sky got an absolute bargain @ £125 million, if I worked for Sir Alan, I would have got him twice that much.
      ~ Never, ever, argue with an idiot. They'll drag you down to their level and beat you with experience ~

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      Re: Sky buys amstrad

      well aslong as the apprentice rubbish can now be taken off the tv it was worth it

     

     

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