0
Video

Comcast enters agreement to acquire Fox shares in Sky

Thursday 4 October 2018 | 20:39 CET | News
Comcast Bidco, wholly-owned subsidiary of US cable company Comcast, has entered into an agreement to acquire the 672.78 million shares in Sky held by 21st Century Fox and affiliates, equal to around 39.12 percent of Sky's total issued ordinary share capital, at a price of GBP 17.28 per share. This acquisition is expected to complete on 09 October, after which Comcast Bidco will hold or have received acceptances for over 75 percent of Sky's shares. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: 21st Century Fox / Comcast / Sky
Countries: Europe / United Kingdom
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sky, Comcast confirm long-term funding for Sky News

Published 05 Dec 2018 21:31 CET | United Kingdom
Sky has announced legally binding commitments with new owner Comcast to guarantee the long-term funding and continued operation ...

Sky CEO Darroch to stay with company following Comcast takeover

Published 26 Oct 2018 09:18 CET | United Kingdom
The CEO of European pay-TV group Sky, Jeremy Darroch, says he intends to stay with the company following its takeover by Comcast, ...

Comcast passes 30 mln cable customers in Q3 as broadband growth continues

Published 25 Oct 2018 12:49 CET | United States
Comcast passed the milestone of 30 million cable customers in the third quarter, after adding a net 288,000 new customers in the ...

Sky asks channel partners to confirm post-Brexit licensing plans

Published 19 Oct 2018 10:50 CET | United Kingdom
Pay-TV group Sky is preparing for a no-deal Brexit scenario by warned broadcasters including Discovery and Disney that they need ...

James Murdoch leaves Sky board as Comcast becomes majority shareholder

Published 10 Oct 2018 10:48 CET | United Kingdom
Comcast announced that it has completed the acquisition of Sky shares held by 21st Century Fox and that its offer for Sky has ...

Sky confirms 21CF offer for company has lapsed

Published 08 Oct 2018 10:56 CET | United Kingdom
Pay-TV group Sky has noted that the cash offer of GBP 15.67 per share made by 21st Century Fox to acquire the shares in Sky it ...

Last week in telecoms: Italian auction takes a toll and Intelsat roaring ahead

Published 08 Oct 2018 07:00 CET | Europe
Last week's telecoms news was dominated by two spectrum auctions, one in Finland and one in Italy. It resulted in generally lower ...

Comcast sells USD 27 billion of unsecured bonds to fund Sky deal

Published 04 Oct 2018 12:07 CET | Europe
US cable company Comcast has sold USD 27 billion of unsecured bonds to fund its USD 39 billion acquisition of European pay-TV ...

Comcast takeover to help Sky expand across Europe

Published 01 Oct 2018 13:46 CET | Europe
Comcast has won the bidding for Sky, after a long takeover battle. Now the question is what the entry of the US's largest cable ...

21st Century Fox agrees to sell Sky stake to Comcast for GBP 11.6 billion

Published 26 Sep 2018 16:43 CET | United Kingdom
21st Century Fox has agreed to sell its 39 percent stake in European pay-TV provider to Comcast, after losing out in the auction ...

Comcast acquires more than 30 percent of Sky shares after auction win

Published 25 Sep 2018 20:44 CET | United Kingdom
Comcast has acquired more than 30 percent of Sky's shares after winning the auction to acquire the pay-TV company over 21st ...

Comcast wins bidding for Sky with offer of GBP 30.6 bln

Published 23 Sep 2018 10:26 CET | Europe | Update: 24 Sep 2018 09:18 CET
US cable operator Comcast has won the bidding to acquire European pay-TV provider Sky in the auction with rival 21st Century Fox ...





Calendar   /   Industry Events

21 Feb Vodafone Iceland Q4 2019
21 Feb Proximus Q4 2019
21 Feb Megacable Q4 2019
21 Feb TDS, US Cellular Q4 2019
21 Feb Digi Communications FY results
24 Feb Arlo Q4 2019
24 Feb Palo Alto Networks fiscal Q2
25 Feb Iridium Q4 2019
25 Feb Infinera Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Avast FY results
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Box Q4 2019
26 Feb Shentel Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Orbcomm Q4 2019
27 Feb Dell Technologies fiscal Q4
27 Feb VMware Q4
27 Feb Neophotonics Q4 2019
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Tecnotree FY 2019
::: More Calendar Items