Look, anything is possible I suppose.
But I have reservations about $1/share being enough.
If they went by Scheme of Arrangement (which, as we know blackcap from NZOG is 'all or nothing') I think it would fail. Of the shareholders who bothered to vote, getting 25% to vote NO would not be too hard particularly given RP and NZR would be unlikely to sell their shares in a strategic partnership with Sky for less than what the shares were worth when they did their deals with Sky not too long ago.
A suitor could try to do a hostile takeover and just start buying up the shares I suppose. But I doubt they would be able to hit the magical 90% unless they offered a price that was a better representation of 'fair value' for the business. RP and NZR alone have over 11% of the shares outstanding and I doubt they would let go of their shares too easily. There will be other long term investors who arent too bothered by the current low SP, but would be open to sell for a reasonable price (like me).
I stand to be corrected, but my view is that the current SP is so far divorced from the realistic price shareholders would get if they sold the business to someone who wanted to take it private - like in the order of 5x minimum.