Original article by Joe Mayes
The Australian Financial Review – Page: Online : 28-Feb-18
US media giant Comcast is offering Stg12.50 per share for British pay-TV company Sky. Sky’s shares peaked at Stg13.55 in response to the Stg22.1bn ($A39.5bn) bid. Rupert Murdoch’s 21st Century Fox had previously offered Stg10.75 per share to assume full ownership of Sky. The Comcast bid also has implications for Walt Disney Company’s deal to acquire the bulk of Fox’s assets, including its stake in Sky. Fox had rejected Comcast’s offer in late 2017 to buy most of its assets for $US60bn in favour of the deal with Disney.
COMCAST CORPORATION, SKY PLC, 21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, ODEY ASSET MANAGEMENT LLP, NBC UNIVERSAL INCORPORATED, JEFFERIES AND COMPANY, ENDERS ANALYSIS LIMITED