Comcast Doesn’t Have to Raise Its Sky Bid

Comcast Doesn’t Have to Raise Its Sky Bid—at Least for Now

Comcast Corp. won’t have to raise its offer for Sky Plc, at least not yet.

A ruling from U.K. takeover authorities on Friday kept a floor price of 14 pounds per share for Sky, below the U.S. cable giant’s overall 26 billion pound ($34 billion) bid. That means Comcast, whose offer for the U.K. pay-TV company is currently the highest, doesn’t have to increase the price unless it’s outbid by 21st Century Fox Inc. and Walt Disney Co.

Sky is part of a global M&A battle between Comcast and Disney for scale. Comcast is trying to outdo Disney and acquire the British broadcaster and expand in Europe, where Sky has 23 million customers. Disney also wants Sky and would inherit the company as part of its purchase of most of Fox, if Fox can succeed in acquiring the 61 percent of Sky that it doesn’t already own.

TheU.K. Takeover Panel’s decision Friday reaffirmed its earlier ruling for the price Disney would have to offer for Sky if Fox or another buyer failed to first succeed in acquiring majority control. The ruling followed an appeal by Sky of the initial decision.

Comcast’s offer for Sky is at 14.75 per share, already well above the Takeover Panel’s threshold.

Comments

Whatsapp Admin

Whatsapp Admin Facebook-owned WhatsApp is likely to give group administrators more powers where they will be able to restrict all other members from sending text messages, photographs, videos, GIFs, documents or voice messages in case the admin thinks so. According to WABetaInfo, a fan site that tests new WhatsApp features early, the popular mobile messaging platform has submitted the “Restricted Groups” setting via Google Play Beta Programme in the version 2.17.430. The “Restricted Groups” setting can only be activated by group admininstrators. Administrators can keep sharing media and chatting as normal as they restrict other members. Once restricted, other members will simply have to read their messages and will not be able to respond. They will have to use the “ Message Admin ” button to post a message or share media to the group. The message will need to be approved by the administrator before going through to the rest of the group. “A group can be restricted ...

Wannabe cars of India; From Maruti Vitara Brezza to Jeep Compass, to Bolero-Pajero & more

The Indian car market is full of modified cars. While some of them are modified with elegance and really look unique, many others are modified to look like various other cars. We bring you five such modified cars. Maruti Vitara Brezza – Jeep Compass The Maruti Vitara Brezza is the largest selling utility vehicle in India. The sub 4-meter compact SUV has a lot of buyers and many of them have modified the car to look like Land Rovers. After the launch of Jeep Compass in the Indian market, many Vitara Brezza owners have swapped the front grille of the Brezza with the iconic 7-slat grille of the Jeep. It sure looks good and different but too wannabe, we think. Mahindra Bolero – Mitsubishi Pajero The Mahindra Bolero used to be the top-selling UV in the Indian market before the arrival of the Maruti Brezza. The rugged SUV is quite popular in Tier II and Tier III cities of India. The Mitsubishi Pajero too has quite a fan following in India. The Pajero SFX became extr...

Apple Takes Top Spot in Global Wearables Market: Report

Apple Watch shipments grew 13.5 percent over the previous year as the launch of a cellular-connected Watch entered additional markets even as the wearable device shipments slowed down. With four million shipments in the first quarter of 2018, Apple has become the leader in the global wearables market, according to a report by International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. Apple Watch shipments grew 13.5 per cent over the previous year as the launch of a cellular-connected Watch entered additional markets even as the wearable device shipments slowed down, the report said on Monday. The iPhone market's growth has also outpaced the entire wearables market allowing the company to increase its share from 14.3 per cent in the first quarter of 2017 to 16.1 per cent in the first quarter of 2018. "Worldwide shipments of wearable devices grew 1.2 per cent in the first quarter of 2018 as shipments reached 25.1 million units," IDC said in a s...

Look in

Search This Blog