Murdoch faces sky high price for BSkyB

One of the largest investors in BSkyB is urging News Corporation to pay an extra £4bn to assume total ownership of the company, reports the Sunday Times . Crispin Odey , founder of Odey Asset Management , believes the satellite broadcaster is worth £19bn. If that's the case, Rupert Murdoch's company would need to pay £11.6bn for the 61% of shares it does not already own. Another fund manager, Fidelity , has valued BSkyB at just a little less. These calculations come days before Jeremy Hunt , the culture and media secretary, is expected to give the go-ahead for the takeover, subject to a further consultation. News Corp made a £7.8bn offer for BSkyB a year ago. It has agreed to place one component of the company, Sky News , into a separate entity in order to allay concerns over media plurality. Should Hunt grant approval for the takeover, News Corp has two months to strike a deal. Sources: Sunday Times / The Guardian