Alan Sugar Sells Out to Sky

So Alan Sugar, the U.K. businessman who’s become something of a local TV personality through “The Apprentice,” has accepted an offer for his company, Amstrad Plc, from Rupert Murdoch’s British Sky Broadcasting Group Plc. The bid values the company at about £125 million ($254 million), and Sugar, who owns around 28% of Amstrad’s shares, will get about £35 million for his stake. No one gets to tell him “You’re fired,” though - Amstrad’s executive directors, of which he is one, will continue in their jobs, according to the offer.

I think Amstrad is only one part of Sugar’s Empire. He makes more money now leasing out private jets, operating corporate hospitality, and with a couple of computer companies .