Sky bobs higher as Comcast reveals 30% holding after making market purchases, makes offer mandatory
The crossing of the 30% threshold means that the US cable giant must now offer to buy out other Sky investors at its offer price of 1,728p per share
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Sky Plc
LON:SKY
Sky plays an important role in the British TV and radio landscape. It brings us entertainment, information and sport through mass programme distribution, and also provides telecoms and Internet services.
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Investments and investor services
US stocks end lower as markets weighed by China cancelling trade talks with Washington
President Donald Trump has now started the 10% tariffs on $200bn of Chinese goods
FTSE 100 closes in the red as trade tariffs kick in
The UK blue-chip index lost almost 32 points at 7,458
Sky set to be acquired by Comcast for £30.6bn after Fox trumped in sealed-bid auction
Comcast bid 1,728p a share for control of the FTSE 100-listed firm, trumping a 1,567p-a-share offer by Fox, the UK Takeover Panel announced on Saturday
FTSE 100 surges higher as Brexit talks reach impasse; pound plunges
Around 4pm, the UK bluechip index was 109 points higher at 7,476, just easing back from the session peak of 7,495 after a strong week
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Sky goes up for auction to end heavy week for company results
The UK's takeover panel said the bidding process will transfer into an auction phase from 5pm tomorrow until Saturday evening
Sky is not the limit, says UBS, as it downgrades the pay-TV giant to neutral
The bid battle might, perhaps, have made for a good mini-series in the style of "Dallas"; all it needs is an episode called "who custard-pied Rupert Murdoch?"
‘Sealed bids’ auction for Sky draws near as investors hold out for more money
If Sky’s two suitors, Fox and Comcast, don’t confirm their best and final offers by the end of this week, the UK Takeover Panel will hold a rare auction
Sky invests US$2mln in US-based content supply chain solutions provider SDVI
The company provides a cloud-based service that helps media companies manage resources and applications across their content supply chains, as well as analytics software
Sky could be up for auction if Takeover Panel intervenes in Comcast-Fox bidding war
Comcast and Fox have been battling it out to secure ownership of Sky and have until September 22 to revise their current bids
BT broadband customers suffer biggest out-of-contract price hikes, Uswitch reveals
UK price comparison website Uswitch said many telecoms firms raise prices substantially after contracts expire
Comcast extends offer period for Sky amid bidding war with Fox
The offer period for Comcast's bid to buy Sky will now remain open for acceptances until September 12
UK takeover panel confirms 1,400p floor for possible mandatory Disney bid for Sky
Disney will only need to make the offer if it completes its purchase of assets owned by 21st Century Fox before Fox or Comcast succeed in taking control of the FTSE 100 broadcaster
21st Century Fox posts formal offer document for Sky takeover bid
The document effectively formalises a proposed bid by the media giant in July although Fox now intends to acquire the FTSE 100-broadcaster by way of a takeover
21st Century Fox given until Thursday night to increase bid for Sky
The deadline, enforced by takeover rules, means the media giant will have just days to trump Comcast’s £25.9bn bid for the FTSE 100 pay-TV broadcaster
UK Takeover Panel confirms Walt Disney would have to offer at least 1,400p a share to buy satellite TV broadcaster Sky
The Takeover Panel’s hearings committee subsequently examined that decision on July 27 after the regulator said that "various interested parties affected by the ruling" had asked for a review
BT Sports loses more broadcast rights after withdrawing from negotiations to show NBA basketball and UFC fights
The news follows BT Sport's failure to secure the rights to broadcast Italian Serie A football matches after BT lost a bidding war to Eleven Sports earlier this month
Sky reports strong full-year performance as bidding war rages on
The FTSE 100 pay-TV group reported underlying earnings for the full-year of £2.1bn, up from £1.9bn the year before, while like-for-like revenues climbed to £13.5bn from £12.9bn
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
Archive
Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.