Anonymous ID: a19461 Sept. 23, 2018, 1:31 p.m. No.3154223   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4410 >>4549 >>4740

PREPARE FOR 'SKY IS FALLING' WEEK.

Q

 

Comcast Outbids Fox in Auction Battle for Sky

 

11:22 AM PDT 9/22/2018 by Georg Szalai, Etan Vlessing

Going onceโ€ฆ twiceโ€ฆ sold! The long-running showdown for the European pay TV giant climaxed with a Saturday three-round auction.

 

Comcast has submitted the higher bid for European pay TV giant Sky in a three-round auction showdown with 21st Century Fox, with an offer worth ยฃ17.28 ($22.60) per share, which values Sky at ยฃ29.7 billion ($38.8 billion).

 

As expected, Comcast on Saturday prevailed over Rupert Murdoch's 21st Century Fox, which has Walt Disney as a de facto backer, in the battle for the European pay TV giant Sky following a dramatic one-day auction.

 

Fox/Disney offered a final $20.50 per-share offer.

 

Fox has long owned a 39 percent stake in the company, with both suitors not submitting final Sky bids or dropping out of the acquisition hunt by the Sept. 22 deadline, triggering the auction.

 

When the gavel finally fell early evening London time, Comcast had won with its all-cash offer that allows the U.S. cable giant to expand across the Atlantic by acquiring Sky and its 23 million BSkyB subscribers, digital assets and streaming options.

 

https://www.hollywoodreporter.com/amp/news/comcast-outbids-fox-auction-battle-sky-1140119