Sky's independent directors should learn valuation is art, not science | Nils Pratley

Rupert Murdoch versus Comcast battle shows board rolled over too cheaply previouslyCan it be only 19 months since outside shareholders in Sky were supposed to be grateful for a bid from the Murdochs at £10.75 a share? It is. In December 2016, the independent directors, led by Martin Gilbert, declared they had given “full consideration to the fundamental value and prospects” for Sky and, while they remained supremely confident in those prospects, £10.75 in cash was too goo