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

Redmi Go officially debuts, will cost just 4999

Xiaomi's first Android Go smartphone is official. The Redmi Go is based on Android 8.1 Oreo (Go Edition), comes in Black and Blue, and is heading to Europe and the Philippines in February. The phone packs a modest 5" 1280x720px LCD of the conventional 16:9 aspect, an 8MP main camera with LED flash and a 5MP selfie snapper. The Redmi Go is powered by a Snapdragon 425 with four Cortex-A53 cores running at 1.4GHz. There's 1GB of RAM and either 8GB or 16GB of storage, which can be expanded with a microSD card. The Redmi Go actually employs a hybrid slot so you can choose between extra storage and dual SIM support, but can't have both. XIaomi Redmi Go The battery on the Xiaomi Redmi Go has 3,000mAh capacity, which is very generous considering the tiny screen and modest chipset. Xiaomi Redmi Go The Xiaomi Redmi Go will go on sale in February at a price of €80 in Europe. Philipines pricing is yet to be confirmed as well as availability in other market...

The big hack: How China used a tiny chip to steal data from US companies like Amazon, Apple

Apple made its discovery of suspicious chips inside Supermicro servers around May 2015, after detecting odd network activity and firmware problems, according to a person familiar with the timeline. Amazon in its three-year secret investigation uncovered the malicious chips while examining servers manufactured by a start-up called Elemental technologies, which Amazon eventually acquired. Bloomberg reported that China had inserted tiny chips into computer equipment manufactured for about 30 US companies, including Apple and Amazon, to steal its technology secrets, citing government and corporate sources. The report further said that the chips were used in equipment made for various US companies and government agencies. According to Bloomberg, Amazon in its three-year secret investigation uncovered the malicious chips while examining servers manufactured by a start-up called Elemental technologies, which Amazon eventually acquired Bloomberg ...

Mi TV 4A Early Access Program for Android 9 Pie Update Announced by Xiaomi

The TVs were originally launched running Android 6-based software. HIGHLIGHTS THE XIAOMI MI TV 4A SERIES IS ON TRACK TO BE UPDATED TO ANDROID 9 PIE Xiaomi has initiated the Early Access Program for the update Only 50 active Mi fans will be chosen for the Early Access Program Xiaomi has seen some success with its TV lineup in India, and the affordable Mi TV 4A that was launched in 2018 is among its most popular options. While the lineup has been replaced by the Mi TV 4A Pro and other similar lines, Xiaomi is continuing to service its original models. Now in line for a firmware update are the 32-inch and 43-inch Mi TV 4A models, with Xiaomi announcing that a major update bringing Android 9 Pie-based Android TV to the popular TV range is in the works. The Chinese electronics company has just initiated an Early Access Program for the Android 9 Pie update for the Xiaomi Mi TV 4A series, with 50 active Mi fans set to be chosen to receive early access to the new f...

Look in

Search This Blog