Fox dangles $44bn carrot for Sky buyout

Original article by Darren Davidson
The Australian – Page: 20 : 12-Jul-18

US media giant 21st Century Fox has increased its cash offer for UK-based pay-TV group Sky to Stg14 per share, trumping the rival cash bid of Stg12.50 per share from Comcast. Fox had initially offered Stg10.75 per share in late 2016, and the revised offer values Sky at Stg24.5bn ($43.8bn). Fox already has a 39 per cent stake in Sky, and it says the target’s independent directors have recommended that shareholders accept the revised offer.

CORPORATES
21ST CENTURY FOX INCORPORATED, SKY PLC, COMCAST CORPORATION, WALT DISNEY COMPANY, NETFLIX INCORPORATED, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

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