Hedge funds build 13% stake in Sky

Hedge funds now control around £3bn of Sky shares, giving them major influence over the future of the British broadcaster as it is targeted for takeover by two rivals. The Mail can reveal that hedge funds based in Mayfair, New York and Chicago now own 13 per cent of Sky’s stock as it is embroiled in bids from 21st Century Fox and US cable giant Comcast

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Comcast bids US$30.9bn for Sky

Comcast offered £12.50 for each Sky share in cash, which it said marks a premium of 16 per cent on Fox’s current offer to buy the 61 per cent of Sky it does not already own. Shares in Sky rose more than 18 per cent at the market open to 1,305.5p.

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Will Apple Buy Netflix? Citi Analysts Put Odds At 40%

Analysts for Citigroup wrote in a research note they believe there’s a 40% chance Apple will buy Netflix with the money it repatriates following the passage of corporate tax reform.

Apple could potentially repatriate hundreds of billions of dollars, giving it plenty of wiggle room for a major acquisition like Netflix.

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Disney close to $60bn deal to take over Fox assets

According to the FT: Walt Disney is closing in on the entertainment assets of Rupert Murdoch’s 21st Century Fox in an all-share deal that stands to reshape Hollywood and the rapidly digitising global media industry. The deal, valuing the Fox assets at about $60bn including debt, could be announced as early as Thursday, according to people briefed on the negotiations.

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Comcast reportedly targeting 21st Century Fox for acquisition

Cable and media giant Comcast has reportedly approached 21st Century Fox about a possible acquisition, a move that comes after Disney was also reported to be circling Rupert Murdoch’s media empire. 21st Century Fox’s share price shot up in after-hours trading following the news on Thursday, first reported by CNBC. It is unclear whether the cablecompany is exploring a purchase of all or part of Fox, which owns Hollywood studios 20th Century Fox and Fox Searchlight as well as the Fox news and sports channels.

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CBS to purchase Network Ten in Australia

The Receivers and Managers (Christopher Hill, Phil Carter and David McEvoy of PPB Advisory) and the Voluntary Administrators (Mark Korda, Jarrod Villani and Jenny Nettleton of KordaMentha Restructuring) of Ten Network Holdings Limited have announced that wholly owned entities of the New York Stock Exchange-listed CBS Corporation have entered into a binding transaction document to acquire the business and assets of Network Ten.

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Sky buys stake in reborn Chrysalis television production company

Sky has taken a substantial stake in the reborn Chrysalis television production company that will fund the creation of a slate of new dramas. Chrysalis Vision was set up by the former management team behind Chrysalis Television, one of the original “super indies” in the production sector that developed long-running shows including Midsomer Murders and Doc Martin. The original business was sold in 2003 as the former Chrysalis media empire was dismantled and became All3Media, which was acquired by Liberty Global and Discovery in 2014 for £500m

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Questions emerge about ITV’s future as takeover talk grows

ITV paid a reported £50m to lure the The Voice away from The BBC in 2015 but it was the purchase earlier in the year of Talpa Media, the Dutch production company that created The Voice, that represents the longer-term investment for the future. But as Mr Crozier enters his seventh year in charge at ITV, questions are beginning to emerge about the long-term direction of the company and Mr Crozier’s own future

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Liberty tunes out of ITV takeover bid

The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.

Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.

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Why does AT&T want to buy Time Warner

Time Warner would give a competitive advantage over rivals such as Verizon, T-Mobile US and Sprint with a so-called “vertical integration” strategy, allowing it to use its internet and telecoms services to distribute Time Warner’s film and television portfolio

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Peppa Pig owner Entertainment One rejects ITV’s £1bn takeover approach

been rebuffed in a £1bn takeover offer for Entertainment One (eOne), owner of hit children’s TV show Peppa Pig, as it looks to extend an acquisition spree aimed at reducing its reliance on volatile advertising income. Canadian film and TV producer and distributor eOne said it had received and rejected a preliminary proposal to buy the company for 236p a share, or £1.01bn in total

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