View Single Post
Old 17-07-2018, 10:09   #3053
Horizon
Media Watcher
 
Join Date: Feb 2006
Location: Essex
Services: Sky, Cable & Freeview
Posts: 2,408
Horizon has reached the bronze age
Horizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze age
Re: Merged:-Comcast makes Bid for Sky

Well, this bidding war for Sky may be over, but first some context.

CNBC (owned by Comcast..) reported citing "sources" that Comcast is highly unlikely to put in another bid for Fox. The Fox shareholder vote to decide the bid is next week and if Comcast were to put in a higher bid than Disney's for Fox, it needs to do it this week. As Murdoch has clearly stated that he wants to sell to Disney, it looks like Comcast has decided to pull out.

On Friday, Disney filed a financial statement that said if Fox wanted to put in a higher bid for Sky, it would need its permission and that permission may not be given.

What is appears, is that either Comcast and Disney has spoken to each other, or at least made signals to each other, that they don't want to tear themselves apart bidding for Murdoch's assets. They would have to take on too much debt, which neither company wants to do.

So, it looks like Murdoch's companies will be split between the two of them with Disney getting the Fox film studio and Comcast getting Sky.

https://www.cnbc.com/2018/07/16/comc...y-sources.html
__________________
Forum Box

Last edited by Horizon; 17-07-2018 at 10:14.
Horizon is offline   Reply With Quote