|Bid||110.40 x 1800|
|Ask||0.00 x 2200|
|Day's Range||110.40 - 111.98|
|52 Week Range||96.80 - 117.90|
|PE Ratio (TTM)||13.94|
|Earnings Date||Nov 7, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.68 (1.54%)|
|1y Target Est||119.03|
A banker from one of Britain's leading boutique advisory firms pressed the button on Comcast's (CMCSA.O) knockout $40 billion bid for broadcaster Sky (SKYB.L). The U.S. cable giant emerged victorious on Saturday evening from its protracted battle with Rupert Murdoch's Twenty-First Century Fox (FOXA.O) for London-listed Sky with a 17.28 pounds-a-share offer. If Comcast had only offered marginally more than Fox, Murdoch's company could have fought on for control of Sky because its stake would have given it an upper hand.
Comcast (CMCSA.O) beat Rupert Murdoch's Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group. The U.S. cable giant bid 17.28 pounds a share for control of London-listed Sky, bettering a 15.67 pounds-a-share offer by Fox, Britain's Takeover Panel said. Buying Sky will make Philadephia-based Comcast, which owns the NBC network and Universal Pictures, the world's largest pay-TV operator with around 52 million customers.
has outbid rivals Walt Disney Co. , the U.K. Takeover panel said Saturday. Comcast's final offer, in the third and ultimate round of bidding in the rare two-day auction, was £17.28 per share, the Panel said, a price that tops the £15.67 per share bid put forward by Disney/Fox and is some 17% higher than Comcast's July offer.
LONDON (Reuters) - The independent directors of Sky (SKYB.L) backed Comcast's (CMCSA.O) offer for the pay-TV group on Saturday after a rare auction that saw the U.S. cable company defeat Rupert Murdoch's ...
LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox (FOXA.O) expects Sky's (SKYB.L) independent directors to recommend Comcast's (CMCSA.O) $39 billion bid, after which Fox will concede defeat ...
Philadelphia-based Comcast Corp. Saturday won the bidding for Britain's Sky plc with a bid of $39 billion, outbidding 21st Century Fox's bid of $35 billion.
Walt Disney didn’t win Sky as part of its acquisition of 21st Century Fox assets, but the end to the unusual bidding war leaves rival Comcast paying a sum that will benefit Disney as a minority owner of ...
Comcast’s offer of £17.28 of a share, or about $22.59, surpassed Fox’s highest bid of £15.67 after bidding Saturday, in a rare auction held by British regulators.
Comcast Corp. made a knockout $39 billion bid for Sky Plc, putting the U.S. cable giant in line to acquire Europe’s largest satellite broadcaster after a monthslong battle with 21st Century Fox Inc. Comcast’s final offer of 17.28 pounds a share exceeded the top bid of 15.67 pounds from Fox, which was backed by Walt Disney Co., in an auction Saturday overseen by U.K. regulators. Comcast now needs Sky investors to tender their shares by an Oct. 11 deadline to seal its victory.
Its tough to succeed in the increasingly crowded over-the-top market, but The House of Mouse appears to have cracked the code.
The clock is ticking on Sky Plc. 21st Century Fox Inc. and Comcast Corp. are facing off Saturday in a bidding contest overseen by U.K. regulators that puts the 27.3 billion-pound ($35.7 billion) British broadcaster Sky on course to determine its final suitor. The battle began when Comcast challenged an existing Fox bid for Sky in February.
Every investor in The Walt Disney Company (NYSE:DIS) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insidersRead More...
LONDON—The same type of blind auction used to pick players in fantasy football leagues could decide the fate of Sky PLC, a media company that employs 30,000 people and has a stock-market value of $36 billion. Comcast Corp. on Saturday is slated to bid against a team of Walt Disney Co. and 21st Century Fox Inc. in a day-long auction here that—if it goes down to the wire—will culminate in the two sides submitting secret bids to a British regulator. A winner will be disclosed later in the day. From AT&T and Time Warner to the hot pursuit of 21st Century Fox and Sky, media mergers are in full swing.
The Syrian regime holds one of the areas outside of a proposed demilitarized zone in Syria. A map of the areas around the proposed zone that accompanied a World News article Friday about Syria incorrectly labeled the Syrian regime’s area as “Iranian regime.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Developers continue to take advantage of apartment rental rates, which have jumped 30 percent in five years.
Earlier this year, Disney agreed to buy key assets from Fox, which included its 39% stake in Sky, in a deal worth $71.3 billion. Since then, Disney Chief Executive Officer (CEO) Bob Iger has expressed interest in taking full control of the U.K company. As the traditional industry leaders scramble to hedge against disrupters including on-demand streaming platform Netflix Inc. ( NFLX) and Amazon.com Inc. ( AMZN), a bidding war has ensued for ownership of the satellite broadcasting company.
Comcast and Twenty-First Century Fox face a quick-fire auction for British broadcaster Sky on Saturday after neither side backed down in a drawn-out $34 billion battle. A deadline for U.S. cable giant Comcast and Rupert Murdoch's Fox to declare that their all-cash offers for Sky would not be increased passed on Friday without a move by either side, triggering a rare auction run by Britain's Takeover Panel. Fox, which has the backing of partner Walt Disney, and Comcast are vying for control of Sky to bolster their businesses in the face of rapid growth of streaming services such as Netflix, which are transforming the media industry.
Comcast (CMCSA.O) and Twenty-First Century Fox (FOXA.O) face a quick-fire auction for British broadcaster Sky (SKYB.L) on Saturday after neither side backed down in a drawn-out $34 billion battle. A deadline for U.S. cable giant Comcast and Rupert Murdoch's Fox to declare that their all-cash offers for Sky would not be increased passed on Friday without a move by either side, triggering a rare auction run by Britain's Takeover Panel. Fox, which has the backing of partner Walt Disney (DIS.N), and Comcast are vying for control of Sky to bolster their businesses in the face of rapid growth of streaming services such as Netflix (NFLX.O), which are transforming the media industry.
Plans by Disney to slow down the release of future "Star Wars" projects are getting a thumbs up from fans, who also hope that new movies in the multi-billion dollar sci-fi franchise will be more creative. In an unexpected admission that the slew of "Star Wars" films and spinoff projects may be causing fan fatigue, Walt Disney CO. Chief Executive Bob Iger said it had been a mistake to release a new movie every year. "I think the mistake that I made - I take the blame - was a little too much, too fast," Iger told The Hollywood Reporter in an interview published on Thursday.
Every conversation in the business media about Disney (NYSE:DIS) these days seems to revolve around its new video streaming service that rolls out in 2019. Just go to the InvestorPlace homepage and check out the latest articles about Disney and you’ll see that lots of stories discuss streaming. “The stock has been hit by doubts over the upcoming launch of its own over-the-top streaming service and fears the Star Wars franchise is losing some steam (after underwhelming results for the Han Solo spinoff),” wrote Anthony Mirhaydari.
Head for the cookie aisle, Disney fans: Mickey Mouse is turning 90, and Nabisco is releasing a special birthday cake-flavored Oreo on Monday to celebrate. The limited edition sandwich cookies feature “3 fun Mickey designs” on the crispy chocolate cookie outside and “birthday cake-flavored crème” inside, according to the package. The cookies will be available September 24 “while supplies last,” People reported. Nabisco Oreos are part of the Mondelez (NASDAQ: MDLZ) family of brands. Mickey Mouse made his first appearance in 1928’s “Plane Crazy,” a cartoon inspired by Charles Lindbergh’s solo flight across the Atlantic, according to the Walt Disney Family Museum. But the mouse really took off when “Steamboat Willie” premiered on November 18, 1928 in New York’s Colony Theatre. Mickey’s official birthday changed dates several times in the decades following 1928 to conform to specific promotions, per the museum, although Walt Disney said In 1933, "Mickey Mouse will be five years old on Sunday.