Comcast


Comcast closes in on 40% of Sky shares days after $39bn bid

Comcast has bought up 36.95% of Sky just days after it dealt a knock-out $39bn bid for the pay-TV broadcaster. As of Wednesday (September 26), the business owns around 635m shares in Sky, according to an official statement from the London Stock Exchange, and is looking to make further market purchases at £17.28 per share. […]

Sky urges shareholders to accept Comcast offer

Sky has advised its shareholders to accept Comcast’s $39bn takeover days after the US telecom giant’s knockout bid for the business. In a statement released on Monday (24 September), Sky said: “As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast […]

Fox extends offer for Sky as auction deadline looms

21st Century Fox has extended its deadline for Sky shareholders to accept its £14 a share offer for the company until October 6, following a similar move by rival Comcast next week. Fox’s move sets the scene for a sealed auction to kick off after the September 22 deadline for Fox to raise its bid. According […]

Disney must offer £14 a share for Sky, says UK’s takeover body

The UK’s Takeover Panel has confirmed that Disney must offer at least £14 a share for Sky if its upcoming acquisition of Fox assets is completed. If Disney completes a deal to by 21st Century Fox’s TV and film assets, which includes a 39% stake in Sky, it will be forced to make an offer […]

NBCU eyes streaming service that pays users to watch

Comcast’s NBCUniversal is considering a new approach to streaming services, where it would launch a service that ‘pays’ users to watch, according to reports. Tentatively titled Watch Back, the service would feature episodes of TV shows from NBCU channels NBC, USA and Bravo as well as those from outside websites, according to a report by […]

Fox posts offer note for Sky deal

Twenty-First Century Fox has put in an offer document and form of acceptance for its £14 a share offer to buy Sky. The move sees Fox temporarily table plans to make a higher bid than Comcast’s £14.75 offer. The deadline for Fox to set out a revised offer document is September 22. Sky has acknowledged […]

Comcast becomes first US operator to launch Amazon Prime

Comcast has partnered with Amazon in a deal that will establish it as the first US pay TV operator to launch Prime Video integrated into its television platform. Amazon Prime Video is due to launch on Comcast’s Xfinity X1 later this year, allowing viewers to watch Prime Originals like Tom Clancy’s Jack Ryan, The Marvelous Mrs. Maisel […]

Comcast drops bidding war with Disney

Comcast has dropped the bidding war with Disney to acquire assets from 21st Century Fox and will instead focus on the acquisition of Sky. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast chairman-CEO Brian Roberts said […]

Comcast ups Sky bid to £26bn as bidding war continues

Comcast has raised its cash offer for Sky to £26 billion ($34 billion) after Fox’s cash bump to £24.5 billion earlier this week. The offer takes Comcast’s bid up to £14.75 per share. The media giant said that its increased offer has been recommended by the Sky Independent Committee of Directors. “The Increased Offer represents […]

21st Century Fox ups Sky bid to £24.5bn

Twenty-first Century Fox has increased its offer for Sky to £24.5 billion (€27.7 billion), outbidding rival Comcast which made a £22.1 billion approach for the pay TV operator earlier this year. Fox’s increased offer of £14 for each Sky share marks a 12% premium on Comcast’s £12.50 per-share offer and is roughly 30.2% higher than the initial […]