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Comcast notifies EC of Sky takeover bid

Tuesday 8 May 2018 | 10:48 CET | News
Comcast has formally notified the European Commission of its plans to bid for UK pay-TV group Sky, as it looks to show investors that it can get through the regulatory system without delays. The notification gives the EC until 15 June to decide whether to approve the takeover with or without conditions, or open a more in-depth investigation of up to four months. Comcast has made a formal offer of GBP 12.50 per share for Sky, valuing the company at GBP 22 billion. This compares to the GBP 10.75 per share offered by 21st Century Fox. 

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