Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War

Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War

Sky Posts Strong Sales Ahead of Likely Fox-Comcast Bidding War

21st Century Fox had rejected Comcast Corporation's takeover offer over regulatory concerns even though the latter's per-share basis bid was 16% higher than the offer made by Walt Disney.

Pay-TV group Sky, which is at the center of a takeover battle pitting Fox, Comcast and Disney against one another, reported a strong fiscal third quarter Thursday, underlining its appeal to rival entertainment groups in the US wanting to gain a foothold in Europe.

Comcast announced in February it was working on a $31 billion bid that would top Fox's deal for Sky.

Analysts Showing Optimistic Trends For NVIDIA Corporation (NVDA)
Css Ltd Liability Company Il owns 7,373 shares for 0.03% of their portfolio. 3,000 were accumulated by Security National. The stock of NVIDIA Corporation (NASDAQ: NVDA ) earned "Buy" rating by RBC Capital Markets on Friday, November 17.

Verizon Communications also showed interest in making an all-stock bid for Fox assets, according to the filing, but Fox said it would have been without "any meaningful premium" to Fox shareholders. Fox ended up announcing an all-stock deal with Disney for $29.54 per share.

In the filing, Disney and Fox said the ongoing antitrust scrutiny of USA telecommunications provider AT&T Inc's (T.N) planned merger with media conglomerate Time Warner Inc (TWX.N) heightened concerns about potential regulatory hurdles to Comcast's bid.

Comcast on November 14 offered to acquire most of Fox's assets in an all-stock deal valued at $34.41 per share, the filings said. Fox chose Disney due to antitrust concerns-company executives wondered how the Justice Department could green light the merger of a telecom and media company at a time when it's trying to stop AT&T from buying Time Warner Inc.

Kylie Jenner & Travis Scott Enjoy a Night Out in Houston
"Hi happy girl", the 20-year-old new mom said before planting a kiss on her baby's cheek. This girl really is gonna leave her baby for three days while she goes to Coachella.

Sky agreed to Fox's £11.7 billion deal to take full control of the group in 2016, but since then Walt Disney has agreed to snap up a raft of Fox assets including the Sky 39% stake and the United Kingdom competition watchdog has raised a host of concerns over the Fox acquisition. Disney offered a reverse termination fee of $2.5 billion.

The agreed Disney deal gives the Fox assets an enterprise value of $66 billion. The Roberts family controls Comcast through a dual-class stock structure.

21CF's board had decided that Comcast's offer was too risky to accept.

Barkley's agent denies Browns told not to draft him
The working theory is that Cleveland will select a quarterback at No. 1 overall in the 2018 NFL Draft . Ultimately, though, McShay does not see a Giants-Jets trade happening.

The filing described Fox executives as leery of Comcast's regulatory reputation from the beginning-worries not soothed through several months of proposed remedies by Comcast.

Related news