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21st Century Fox agrees to sell Sky stake to Comcast for GBP 11.6 billion

2018-09-26 16:43:00| Telecompaper Headlines

(Telecompaper) 21st Century Fox has agreed to sell its 39 percent stake in European pay-TV provider to Comcast, after losing out in the auction to buy Sky to the US cable operator. At Comcast's offer of GBP 17.28 per Sky share, 21CF's stake is worth GBP 11.6 billion (over USD 15 billion). 

Tags: sell century fox sky


Scammers steal half a billion pounds from UK banking customers

2018-09-25 00:04:08| BBC News | Business | UK Edition

Fraudsters managed to steal more than 500m from UK banking customers in the first half of 2018.

Tags: half customers banking billion


SiriusXM buys Pandora for USD 3.5 billion in all-stock deal

2018-09-24 14:17:00| Telecompaper Headlines

(Telecompaper) Satellite radio provider Sirius XM has agreed to buy streaming music group Pandora in an all-stock transaction worth USD 3.5 billion. Pandora said the deal will create the world's largest audio entertainment company, with more than USD 7 billion in expected pro-forma revenues for this year and strong, long-term growth opportunities. The transaction will help SiriusXM significantly expand its presence beyond vehicles and into the home and other mobile areas, while strengthening Pandora's position in the competitive online market.

Tags: deal usd billion buys


Amazon Could Spend $3 Billion on Go Stores, Analyst Says

2018-09-21 17:27:09| National Real Estate Investor

Amazon is considering opening 3,000 AmazonGo stores, after launching its first location in Seattle in 2016.

Tags: stores says amazon spend


Italian 5G auction exceeds 4 billion

2018-09-21 02:00:00| Total Telecom industry news

Italy's ongoing 5G spectrum passed the €4 billion mark after the sixth day of bidding on Thursday, the government announced. The winners of spectrum in the 700 MHz band were decided last week…read more on TotalTele.com »

Tags: italian auction billion exceeds


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