Comcast shares end higher as United States business bids for Sky

Sky Q box with splash of colours coming out of

Some analysts see such moves as a hedge for US -based TV distributors such as Comcast against popular online streamers that are draining eyeballs from traditional television.

NBC Universal and Sky have previously worked together on a number of programming fronts.

"We think that Sky would be very valuable to us as we look to expand our presence internationally".

Comcast said its possible all-cash offer of £12.50 per Sky share represented a premium of 16% on the current Fox terms, which value Sky at £18.5bn.

Comcast is a U.S. multinational media and telecommunications giant. It stated that it had no preference as to whether it owned 100% of Sky or 51%.

It's Sky's technology that first lured Comcast.

Currently, around 9 per cent of Comcast's revenue is generated internationally but by buying Sky, it would be able to increase that proportion to 25 per cent. Sky currently has around 23 million customers globally and dominates in Italy, Germany, as well as here in the United Kingdom, which would mean that Comcast could swiftly grasp swathes of the market in which it has yet to make a splash. The authority said the only way the deal could go ahead would be if there could be some way of stopping Murdoch-who also owns the U.K.'s biggest newspaper, The Sun-from influencing Sky's news output. It also said that it would continue "investment in employees' professional development across the UK" and that it was committed to Sky's local community programmes to inspire more people to get involved in sports.

The Liberum analysts said the lower price for the Premier League TV rights contract has taken out the risks of price inflation.

Comcast boss Brian Roberts is driving a wedge between Walt Disney and 21st Century Fox.

Souza (D-backs), Drury (Yanks) in 3-team deal
Coming from the Diamondbacks , Drury, 25, put up a.267/.317/.447 slash line to go with 13 home runs and 63 RBI. To make room for Drury on the 40-man roster, the Yankees designated outfielder Jabari Blash for assignment.

Britain confirms it will refer Fox's bid for Sky to a lengthy regulatory investigation.

Twenty-First Century Fox had hoped to complete the Sky deal before the Disney sale was finalized.

While shares of Comcast, Disney, and Fox were all down significantly Tuesday, Netflix was still trading near all-time highs.

Now the question is what Disney might do next and whether it will be content to let Fox take the lead or initiate a bid of its own for all of Sky.

"By making a play for Sky now it can get what it wants before Disney gets close - timing is everything and Comcast seems to have played its hand very well so far", he said.

On the good side though, analyst Craig Moffett wrote that the deal will boost distribution of NBCU in Europe and the nature of the all-cash transaction would boost Comcast's leverage to 3.0x EBITDA pro forma.

Roberts also said Comcast was prepared to co-own Sky with Disney if they Comcast had the majority stake, though Comcast prefers to own the broadcaster outright. "A counter-bid from [Disney] would avoid the regulatory complexities/delays in much the same way as the Comcast approach".

Comcast said it had only a minimal presence in the British media market and did not see any plurality concerns over its proposal.

"Unless Fox comes back with a raised counterbid, then the rational solution [for shareholders] is to accept the Comcast bid", Whittaker said.

Related News:

  • South Africa beats India to set up T20 series decider

    South Africa beats India to set up T20 series decider

    Bhuvneshwar said, "Whenever India goes overseas , the reputation is that India are not good at batting against short bowling". But after a brief chat with Pandey, Raina left the ground, paving the way for Mahendra Singh Dhoni.
    Trump upbeat on meeting with Australian PM

    Trump upbeat on meeting with Australian PM

    The leaders spoke in the Oval Office during a portion of the meeting that was open to US and Australian journalists. Trump and first lady Melania Trump greeted Turnbull Friday at the south entrance of the White House.
    Cyclone Gita hits New Zealand after hammering Tonga

    Cyclone Gita hits New Zealand after hammering Tonga

    Cyclone Gita is pounding New Zealand with torrential rain, damaging winds and large waves. 'We are expecting homes to be flooded'. New Zealand's defence force has been deployed as the country endures a battering from the remains of Cyclone Gita .
  • "Calmest night" for eastern Ghouta following UN ceasefire resolution

    Civil defense help a man from a shelter in the besieged town of Douma in eastern Ghouta in Damascus , Syria , February 22, 2018. He added that another concern of Moscow was that resolution was not used as a pretext to launch an invasion of Syria.
    Broke Lisa Marie Wants $100M From Ex-Manager

    Broke Lisa Marie Wants $100M From Ex-Manager

    Presley said that she was not notified of the Core deal and lost $24.5 million as a result of the bankruptcy. But the entertainment company reportedly went bankrupt in 2006 losing Presley big money.
    Jennifer Aniston and Justin Theroux kept properties separate

    Jennifer Aniston and Justin Theroux kept properties separate

    Theroux was photographed surrounded by female friends shortly before announcing his split from Aniston. Every time they spent more and more time apart, the problems between them only became more serious.
  • Alcatel Revamps Its Smartphones with Supersized Screens

    Alcatel Revamps Its Smartphones with Supersized Screens

    The 6-inch 3V, 5.7-inch 3X and 5.5-inch 3 have numerous same features as the Alcatel 5 , such as facial recognition. It is the liter version of Android OS that is basically designed for smartphones with entry-level specifications.
    Symantec no longer offers discounts to NRA members

    Symantec no longer offers discounts to NRA members

    The hashtag #BoycottNRA remained one of the top trending topics on Twitter in the US on Friday. Others followed suit, announcing they would end their NRA membership discount programs.
    US, Turkey set talks to boost ties

    US, Turkey set talks to boost ties

    In Brussels on Thursday, Defense Secretary Jim Mattis met with his Turkish counterpart, while the national security adviser, Lt. Turkey on January 20 launched Operation Olive Branch to remove PYD/PKK and ISIL terrorists from Afrin .
  • Lawyer handling Arizona's investigation of FBI probe releases statement

    Lawyer handling Arizona's investigation of FBI probe releases statement

    Unfortunately for Arizona, it wasn't able to get Ayton the ball in the second half as much as in the first. Elijah Brown hit three free throws to pull OR within two 64-62 as the crowd again came to their feet.
    Adelson offers to help Trump administration pay for US Jerusalem embassy

    Adelson offers to help Trump administration pay for US Jerusalem embassy

    One State Department official familiar with the process told CBS News private donations would make it more hard to reverse Mr. The Palestine Liberation Organization immediately decried Washington's embassy announcement as a "provocation to all Arabs".
    Trump willing to discuss gun controls

    Trump willing to discuss gun controls

    The planned clampdown would target rapid-fire bump stocks similar to those used in the Las Vegas massacre previous year . Washington state Governor Jay Inslee called for a state ban on the attachments after the Las Vegas massacre .

Most liked

Jaguars signing Blake Bortles to 3-year, $54 million extension, report says
Don't expect the Jaguars to move on from Bortles unless they can guarantee an upgrade at quarterback. The Jaguars had picked up their option for the 2018 season on Bortles' rookie contract past year .

Fraud at PNB may cost banking sector much more than Rs 11400cr
PNB has also created a unit called "Treasury Division Mumbai " for re-authorization of most messages sent over SWIFT by branches. The external affairs ministry on Friday cancelled the passports of Modi and Choksi in order to force them to return to India.

GOP group says Missouri governor stepping back
However Attorney General Josh Hawley states this is a serious matter, and that there is no place for party or partnership. Billionaire and Democratic supporter George Soros has been touted as one of the most successful investors in the world.

HR McMaster may leave White House if Pentagon offers promotion amid tensions
CNN previously reported that McMaster has been at odds with the President and other cabinet officials over the past year . In tweets sent in July, Trump announced his intentions to ban transgender people from serving in the military.

Jonathan Martin Detained By Police After Disturbing Instagram Post
LAPD responded to the school due to an Instagram post by what police described as "a former student who is now an adult". Since the school was mentioned by name, a statement said it chose to close on Friday, "out of an abundance of caution".

Students call for University to reimburse cancelled teaching amidst staff strikes
UCU says this would leave a typical lecturer nearly £10,000 a year worse off in retirement than under the current set-up. Missed laboratory time will be hard to make up and cancelled lectures will not be rescheduled, according to the union.

Ford North America President Raj Nair Fired For 'Inappropriate Behavior'
The North American business drives the majority of Ford's profits, with a sales mix rich in high-margin pickup trucks and SUVs. It shows that Hackett is serious about "providing and nurturing a safe and respectful culture".

Defence Minister, two others to carry out assessment of Boko Haram attack
The minister disclosed this in a chat with state house correspondents after the meeting of the Federal Executive Council (FEC). Yobe police commissioner Abdumaliki Sunmonu, said the students are being profiled to know who is missing.

New Zealand bat first against Australia in T20 final
New Zealand's poor record in Auckland continues, the Kiwis have now lost five consecutive T20I matches at Eden Park in Auckland . Aaron Finch and Glenn Maxwell were batting on 20 and 28 respectively and took Australia to 121 before rain interrupted the play.

Android Pay, Google Wallet get the chop in favour of Google Pay
If you're unsure about what Google Pay is and how you can use it, here is a quick guide that takes you through the basics. If you're shopping at a physical store, look for a sign that "GPay" is supported, or an NFC terminal.

Burnout Paradise Remastered Won't Feature Microtransactions; No Word On Nintendo Switch Version
The new version is slated for a March 16 release on PS4 and Xbox One, with a PC version coming later exclusively to Origin. Burnout Paradise will deliver the same action-packed experience that gripped gamers when the title first came out.

The Amazing Camera Work Involved in the SpaceX Falcon Heavy Launch
The next SpaceX Falcon 9 launch is scheduled for February 21, barring any setbacks (it was originally scheduled for February 18). The Falcon Heavy rocket will now help propel a number of space missions that weren't technologically feasible until now.

Pixel 2 users with camera errors and crashes offered replacements from Google
Not all Pixel 2 / 2 XL handset owners are reporting these issues following the software update released earlier this month. These prices make it easier to digest some of the Pixel 2 XL's known issues , such as blue shift and black smearing.

Facebook's secret weapon in the fight against foreign meddling? Postcards
Even some Trump supporters who unwittingly helped Russians during the election still don't believe in the conspiracy. Nowhere does he share any concern about the United States or our people or our values or our security.

Federal Bureau of Investigation says USA man stole thumb of Chinese terracotta warrior statue
He united much of the country under the short-lived Qin dynasty, which is generally considered the origin of the name "China". An US partygoer has been taken in custody after authorities discovered that he stole the finger of a terracotta warrior.