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posted by mrpg on Thursday April 26 2018, @01:33PM   Printer-friendly
from the the-sky-is-the-limit dept.

Sky bidding war erupts with £22bn formal bid from Comcast

US cable TV giant Comcast has made a formal £22bn bid for Sky that values the UK broadcaster at £12.50 a share.

The move threatens Rupert Murdoch's attempts to take full control of the pay-TV group. The media mogul's 21st Century Fox has already agreed to buy the 61% of Sky it does not already own - an offer worth about £19bn. Sky said it was withdrawing its recommendation for the Fox bid following Comcast's move.

Sky shares closed 3.4% higher at £13.59 - more than £1 above Comcast's offer, suggesting a bidding war for control of Sky could erupt. Disney, which struck a $66bn deal with Fox in December to buy most of its entertainment assets, could also make a play for Sky.

Disney's $66 billion deal included Fox's shares of Sky.

See troll: Comcast CEO Brian Roberts: Sky Is a Great Opportunity but Not a 'Necessity'

Also at Bloomberg.

Related: Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger


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  • (Score: 4, Funny) by bob_super on Thursday April 26 2018, @05:45PM (4 children)

    by bob_super (1357) on Thursday April 26 2018, @05:45PM (#672221)

    I am glad that these giants are making such great investments, which will undoubtedly result in more choices, lower prices, and higher quality programming.
    /poker face

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  • (Score: 4, Touché) by PartTimeZombie on Thursday April 26 2018, @09:14PM

    by PartTimeZombie (4827) on Thursday April 26 2018, @09:14PM (#672323)

    I disagree. More choices just confuses people. This will be good for everyone.

  • (Score: 2) by PartTimeZombie on Thursday April 26 2018, @09:27PM (2 children)

    by PartTimeZombie (4827) on Thursday April 26 2018, @09:27PM (#672329)

    I agree. Choice is good.