37.80 -0.01 (-0.03%)
After hours: 7:54PM EDT
|Bid||37.80 x 1000|
|Ask||37.98 x 2200|
|Day's Range||37.12 - 37.98|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||7.43|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.76 (2.06%)|
|1y Target Est||43.18|
LONDON—Comcast Corp. and 21st Century Fox Inc. will settle their takeover battle for Sky PLC in a weekend auction run by British regulators, setting up a dramatic climax to a 21-month sale process that has pitted some of the world’s biggest media giants against each other. London-listed Sky has a market value of some $36 billion. The Sky auction pits Rupert Murdoch’s 21st Century Fox, which already owns 39% of Sky, against Comcast.
Ford's letter to the Senate Judiciary Committee also said that testifying on Monday, as committee Chairman Chuck Grassley scheduled, "is not possible."
LONDON (AP) — Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a foothold in the European pay TV market.
Comcast or Disney/Fox will have a chance to put forth new best-and-final bids for Sky this weekend. Comcast is preparing for Fox/Disney to increase its offer for Sky just to make Comcast bid higher for the asset, sources say. Comcast expects its rivals at Disney and Fox will force them to bump their bid, likely by billions of dollars, in the coming one-day auction for British satellite TV provider Sky, according to people familiar with the matter.
The two media giants will duke it out in an auction this weekend to determine who wins the bidding war over Europe’s largest satellite pay-TV operator.
The battle for control of Sky Plc between 21st Century Fox Inc. and Comcast Corp. will be settled in a one-day auction on Saturday. Bloomberg's Joe Mayes reports on "Bloomberg Markets: European Close." ...
No, there won't be an auctioneer shouting, "Going once, going twice, sold!" Bids for Sky plc from Comcast and Fox will be part of an "orderly framework" by following guidelines released Thursday by the Takeover Panel, which oversees deal making in the United Kingdom. Starting at 5 p.m. London time on Friday and running through Saturday evening, the auction will consist of no more than three rounds with Philadelphia-based Comcast getting its first chance to make an offer in round two. The Takeover Panel said round one bidding is only available to the "lowest offerer," which is 21st Century Fox.
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday. Britain's Takeover Panel, which regulates merger and acquisition activity, said on Thursday it was preparing to take the rare step of intervening in the battle for London-listed Sky by running an auction for the pay-television business that lasts for a maximum of three rounds. The process will start if Comcast or Rupert Murdoch's Fox, which has the backing of partner Walt Disney, are still competing for Sky by 1700 London time (1600 GMT) on Friday, the Panel said.
Sep.20 -- The battle for control of Sky Plc between 21st Century Fox Inc. and Comcast Corp. will be settled in a one-day auction on Saturday. Bloomberg's Joe Mayes reports on "Bloomberg Markets: European Close."