Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 23/10/2018 11:42 
23.09.2018 00:28 News >> Comcast Outbids Fox İn Auction For Sky

Comcast Outbids Fox İn Auction For Sky

Comcast's bid values Sky at $39 billion; Sky board and shareholders will decide till Oct. 11.

By Ovunc Kutlu


Comcast emerged victorious in its battle against Twenty-First Century Fox to acquire British media firm Sky Plc. in an auction Saturday by the U.K.'s Panel on Takeovers and Mergers.

U.S. entertainment and media firm Twenty-First Century Fox offered £15.67 ($20.49) per Sky share, but American cable TV giant Comcast's offer for per Sky share was £17.28 ($22.59), according to a statement by the Panel.

Comcast's offer valued Sky, Europe's largest Pay TV broadcaster with 23 million subscribers, approximately at £30 billion ($39 billion).

"This acquisition will allow us to quickly, efficiently and meaningfully increase our customer
base and expand internationally," Comcast Chairman and CEO Brian L. Roberts said in a statement.

"We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018," he added.

The deadline for Sky board and shareholders to accept Comcast's offer is Oct. 11.

Twenty-First Century Fox offered £10.75 per share for Sky in December, and later Comcast announced in April a cash offer of £12.50 per Sky share.

When Twenty-First Century Fox sweetened its offer to £14 on July 11, Comcast increased its cash offer for to £14.75 later that day.

Twenty-First Century Fox owner Rupert Murdoch and his family, who already own 39 percent stake in Sky, have been trying to take over the remaining 61 percent of Sky for years. -



        Latest News
Indonesia Expresses Condolences To Khashoggi Family 17 minutes ago...
After denying to know his whereabouts, Saudi Arabia has admitted Khashoggi died during 'brawl' inside Istanbul consulate.
Turkey Ready To Cooperate İn İnt'l Khashoggi Probe: Fm 32 minutes ago...
Mevlut Cavusoglu says it is 'important' that Saudi Arabia accepted killing of Khashoggi, although a late statement.
Car Bombing Kills 6 İn Northern Iraq 32 minutes ago...
Dozens were injured in the blast.
Turkey: Consumer Confidence İndex At 57.3 İn October 32 minutes ago...
Index falls 3.4 pct year on year in October, according to official data.
President Erdogan To Give Details On Khashoggi Probe 32 minutes ago...
Recep Tayyip Erdogan will announce details about probe into killing of Saudi journo Khashoggi at party group meeting.

 
      Top News
Indonesia Expresses Condolences To Khashoggi Family Indonesia Expresses Condolences To Khashoggi Family
Galatasaray To Face Schalke 04 İn Champions League Galatasaray To Face Schalke 04 İn Champions League
Turkey's New UK Ambassador Visits Anadolu Agency Turkey's New UK Ambassador Visits Anadolu Agency
Khashoggi Killing Disrespectful To Trump; US Lawmaker Khashoggi Killing Disrespectful To Trump; US Lawmaker
Cameroon: President Paul Biya Wins 7Th Consecutive Term Cameroon: President Paul Biya Wins 7Th Consecutive Term
Row Over Justice Post Not Holding Up Govt: Lebanon Pm Row Over Justice Post Not Holding Up Govt: Lebanon Pm
Update - Germany Calls On Eu To Stop Arms Sales To Saudi Arabia Update - Germany Calls On Eu To Stop Arms Sales To Saudi Arabia
Turkey: Hdp Calls For Convincing Statement On Khashoggi Turkey: Hdp Calls For Convincing Statement On Khashoggi
Uk, France, Germany Condemn Khashoggi's 'Violent Death' Uk, France, Germany Condemn Khashoggi's 'Violent Death'
Moscow Slams US Withdrawal From Nuclear Arms Treaty Moscow Slams US Withdrawal From Nuclear Arms Treaty