Comcast secures victory over Fox to buy Sky for £30.6bn September 23, 2018 In a conclusion to the heated corporate bidding war that lasted almost two years, US cable television provider Comcast outbid 21st Century Fox last night with a total offer of £30.6bn for control of broadcasting giant Sky. The final offer came in at £17.28 per share from Comcast after three rounds of bidding in the UK's largest [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]
Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion September 22, 2018 The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]
Season finale: Sky takeover battle to be decided by dramatic weekend auction September 20, 2018 The stage is set for the hotly-contested battle for Sky to reach a dramatic conclusion when the bidding war is decided at a quick-fire auction on Saturday. Comcast will go head-to-head with Rupert Murdoch’s 21st Century Fox and Fox’s soon-to-be owner Disney in an auction that will price Sky at a minimum of £26bn. The [...]
Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom September 20, 2018 Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]
Sky takeover saga to be decided by auction on Saturday September 20, 2018 The battle between 21st Century Fox and Comcast for media giant Sky will be decided by a three-round auction on Saturday unless a clear winner emerges before then, the Takeover Panel has confirmed. It will go to an auction unless one side submits its "final and best offer" or drops out by 5pm on Saturday, which is [...]
Final countdown: How the thrilling conclusion of the Sky takeover saga could pan out September 19, 2018 A near two-year takeover saga for Sky is approaching a stunning finale this weekend – and the city will be watching on in suspense as it could come to a thrilling conclusion. It's been a long and drawn out affair which started back in December 2016, when 21st century Fox first struck a $14.6bn deal to buy [...]
Investors buy up shares in Sky as takeover saga heads to sealed bids auction September 19, 2018 Major investment managers and hedge funds have been busy building up their stake in media giant Sky ahead of a crunch deadline approaching this weekend. US based Elliott Advisors said it had raised its stake to 4.3 per cent. Hedge fund Odey Asset Management has also loaded up on shares, while another US fund Baupost [...]
Sky adds Netflix to its streaming platform in bid to lure in more viewers September 19, 2018 UK media giant Sky will bundle Netflix into its subscription for the first time in November in an effort to step up user engagement with its own programming. The Ultimate on Demand package will give users access to Netflix and Sky Box Sets on its Sky Q platform, making it easier for customers to browse TV [...]
21st Century Fox extends deadline for Sky shareholders to vote on £24.5bn offer September 18, 2018 The lengthy takeover battle for Sky could drag on even longer after 21st Century Fox yesterday said it had extended the deadline for its offer to Sky shareholders. Investors will now have until 6 October to vote on Fox's £14 per share bid. It follows rival suitor Comcast also extending the deadline for acceptances on its [...]