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Rupert Murdoch ends Sky control with Comcast stake sale
2018-09-26 17:39:40| BBC News | Business | UK Edition
Sale of 39% stake ends the media mogul's control of the satellite broadcaster after almost 30 years.
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).
Last week in telecoms: portfolio management and Comcast wins the Sky auction
2018-09-24 07:00:00| Telecompaper Headlines
(Telecompaper) Most European telecoms stocks moved within a relatively narrow range in week 38. Stock performances varied between -4 percent and +8 percent, not counting two outliers: Greek Forthnet (-15%) and German QSC (+13%). The week's most important news actually came in over the weekend, when an auction was staged for Sky (+0.3%), leaving Comcast the winner.
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Comcast wins protracted battle for Sky with 30bn bid
2018-09-24 02:00:00| Total Telecom industry news
Comcast on Saturday successfully outbid 21st Century Fox (21CF) with a £30 billion (€33.39 billion) offer for Sky, ending a 21-month battle for control of the U.K.-based TV and telecoms provider. The two suitors faced off one final time at a 24-hour auction arranged by the UK Takeover Panel, which sought to end the uncertainty over Sky's future. Fox…read more on TotalTele.com »
Comcast ups bid for Sky to GBP 39 bln
2018-09-23 10:26:00| Telecompaper Headlines
(Telecompaper) Comcast has submitted a new and higher offer for European pay-TV provider Sky to the US Takeover Panel in round three of the competition auction between itself and rival 21st Century Fox. After raising its price in July to GBP 14.75 per share or a total of GBP 26 billion, the new bid now goes to GBP 17.28 per share. Reports have put the total worth of the offer to GBP 39 billion. Fox earlier bid GBP 14 per share, or a total of GBP 24.5 billion for the company.
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