21st Century Fox has finally agreed a deal to buy the rest of Sky TV that it doesn’t already own.
Stop watching Babestation???......NO THANKS
cheers
SC
And now looks like he’s going to sell it to Disney.
And deal done - assuming the commission agrees.
And here comes a spanner. Comcast has made a higher bid for Sky.
"US cable TV giant Comcast has made a £22.1bn bid for Sky, challenging an existing offer from 21st Century Fox.
Rupert Murdoch’s 21st Century Fox had already agreed an £18.5bn deal to buy the 61% of Sky it does not already own.
Comcast is the biggest US cable TV firm. It also owns the broadcast TV network NBC and Universal Pictures.
Comcast chief executive Brian Roberts called Sky “an outstanding company” and said he was “confident” the offer would be cleared by regulators.
Mr Roberts added: “We would like to own the whole of Sky and we will be looking to acquire over 50% of the Sky shares”.
Comcast said its bid of £12.50 a share was 16% higher than the 21st Century Fox offer.
Sky’s shares jumped more than 18% to above £13 in early trading on the London Stock Exchange."
http://www.bbc.com/news/business-43209100
None of the worries over too much Murdoch with this bid.
Comcast have made a formal bid. Now the fun starts.
Both bids cleared by the UK government. Here we go.
US clear Disney to buy Fox.
Comcast ups its offer for Sky.
Looks like Comcast get Sky, Disney gets the rest of Fox.