Posts Tagged "Comcast"

Comcast has triumphed over 21st Century Fox and Walt Disney in the auction for Sky with a £30.6bn bid in a deal that will redraw the global media landscape. Comcast’s £17.28 a share bid beat a rival £15.67 a share bid from Fox, which was backed by Disney, and came in the third and final round of an auction when each bidder was asked to make their best offer for the broadcaster. The Comcast offer values Sky at almost £4bn more than the Disney-Fox bid

Rupert Murdoch’s 21st Century Fox posted an offer document for its 14 pounds a share bid to buy Sky late yesterday evening, but did not raise its bid to top rival Comcast’s

The cold war between 21st Century Fox and Comcast over ownership of Sky has finally turned hot, as yesterday evening the US cable operator swooped in with a £26bn bid, hours after the Murdoch camp improved its own offer

Rupert Murdoch’s 21st Century Fox has kicked off a potential bidding war with US entertainment giant Comcast after making a new offer for the 61pc of Sky it does not already own that values the UK-based broadcaster at £24.5bn

One day after AT&T got court approval for its big Time Warner acquisition, Comcast formally made a $65 billion bid for 21st Century Fox’s businesses, which had intended to sell various businesses to Walt Disney

The UK Government has today said that it will support Rupert Murdoch’s 21st Century Fox bid to buy Sky only on the understanding that Sky News is sold to Disney or another buyer.

Comcast has gatecrashed Rupert Murdoch’s takeover of Sky with a rival £22bn offer, sparking a bidding war for Britain’s biggest pay-TV broadcaster. The media and telecoms company, which owns NBC Universal and is the largest cable operator in the US, has made an all-cash offer of £12.50 a share, a 16% premium on the offer from Murdoch’s 21st Century Fox, which values Sky at about £19bn.

Nils Pratley of The Guardian writes: The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign. Rupert Murdoch risks being out manoeuvred in a frenzy of media deal-making. 

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.

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.

In the US online video services would be guaranteed access to the most popular television shows under new rules proposed by the head of the US communications watchdog which risk undermining the business models of cable companies and broadcasters. And perhaps the UK next! For the full story read FT.Com

European media companies are committing hundreds of millions of dollars to investing in digital start-ups, as they look for ways to diversify away from stalling growth in their core businesses

Comcast has finalized a deal to buy digital advertising company Freewheel for $360 million, according to reports