Comcast drops 21st Century Fox bid to refocus on the pursuit of UK pay-TV firm Sky
Comcast's move leaves the field clear for the Walt Disney Company’s £71.3bn bid to win control of a swath of Rupert Murdoch’s Fox media assets
Company
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
FTSE 100: Forget Brexit, here’s what we’ll learn from a bumper earnings week
We have a deluge of earnings statements from some of Britain's biggest businesses. Below we discuss the themes likely to emerge from the mid-term reporting season
TalkTalk and BT top the table of most complained about broadband providers
In its latest quarterly league table on complaints, communications regulator Ofcom said TalkTalk had received 29 complaints per 100,000 customers while BT received 23
UK Takeover Panel rules Disney would need to make minimum bid of 1,400p per share for Sky
The UK Takeover Panel ruled Walt Disney would need to make a minimum bid of 1,400p per share for Sky if it succeeds in its bid to buy Twenty-First Century Fox
BT loses rights to broadcast Italy’s Serie A football in wake of Ronaldo’s move to Juventus
Global sports broadcaster entrant Eleven Sports has dealt a blow to BT and Sky by securing the rights to Serie A and La Liga
Investments and investor services
FTSE 100 firms on Friday as Trump's UK visit dominates headlines
In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
Sky up as investors bet Comcast's raised bid won’t be the last move in the battle with Fox
In early morning trading on Thursday, Sky shares were 2% higher at 1,524p, comfortably above the agreed Comcast cash offer pitched at 1,475p per share, and Sky’s previously agreed bid of 1,400p a share
FTSE 100 closes higher Thursday as traders come back to equities
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
Comcast bids $34bln for Sky, tops Fox’s offer
Comcast announced its cash offer has been recommended by Sky’s independent committee of directors and that it has committed financing required for the deal.
Sky bid saga continues as satellite broadcaster agrees to increased £24.5bn Fox offer
Fox’s new cash bid of 1,400p a share is an increase on its 1,075p per share agreed bid made in December 2016 and tops a rival 1,250p per share offer from Comcast Corp
Sky higher on report Fox preparing new £25bn bid to top Comcast’s offer for the satellite broadcaster
The Financial Times said Fox’s new offer is expected to be at a premium to Comcast’s most recent bid of 1,250p a share, well above its 1,075p a share initial bid made in December 2016
Numis upgrades TalkTalk but the City broker really isn’t a fan
Because shares have fallen over the past few weeks, Numis reckons the stock is now just a ‘reduce’, but it has a lot of issues with TalkTalk: namely the collapse of the B2B unit sale and rivals starting to compete better on price
Walt Disney ups earnings forecasts for Sky while hedge funds pressure regulator to up bid price
In an SEC filing on Tuesday, Disney said it expected Sky to make underlying earnings of £3.06bn in the year ending June 30 2020, up from its original forecast of £2.41bn
Sky shares rise after Disney US$88bn bid for 21st Century Fox
The bidding war appears to have moved into its end-game
Clash of the (media) titans: What drove the Fox, Comcast, Disney bidding war over Sky?
What started out as a seemingly mundane takeover of the British broadcaster escalated into a massive bidding war between three media giants, but how did it get to that point?
21st Century Fox bid battle could kick-off after key US court ruling approved another mega-takeover
On Tuesday, a US Federal judge ruled that telecoms giant AT&T Inc. can proceed with its near US$85bn acquisition of Time Warner Inc, which traders believe will give a greenlight to other big deals
Comcast set to get 'unconditional' EU approval for Sky bid
The cable giant is reportedly offering US$31bn to buy the pay-TV channel while competing with Rupert Murdoch’s 21st Century Fox Inc
UK government approves Fox's takeover of Sky as long as it agrees to sell off Sky News
Culture secretary Matt Hancock also told MPs he won't be intervening in a rival offer from US media giant Comcast
ITV mulling £1bn joint venture with the BBC to acquire half of Dave broadcaster UKTV
UKTV, whose channels include Dave and Gold, is an independent commercial joint venture between BBC Worldwide and Nasdaq-listed firm Discovery Inc
BT Group up on reports of informal interest from infrastructure funds about taking stake in Openreach
BT owns the UK's national telecom and broadband network through Openreach, a legally separate division that is used by the firm and its rivals to provide services to consumers