Home Tags Comcast
YouTube TV continues to improve the multichannel service that has already received positive reviews.
Over the weekend, the saga of the bidding war for Sky finally reached its conclusion when US broadcasting giant Comcast outbid Fox for the British company in a deal that values it at more than $40 billion.
Consumers having been “cutting the cord,” or canceling their pay-TV subscriptions in favor of internet-delivered alternatives, for years now, but the trend has reached new heights.
Comcast drops out of the $71 billion bidding war for 21st Century Fox assets, handing Disney victory
Comcast ended its bidding war with Disney for some of 21st Century Fox's assets. The company announced Thursday that it would focus on its offer for Sky. Comcast's CEO congratulated Disney and said Fox had created a "desirable and respectable company."
Comcast increased its bid for Sky Wednesday evening, beating an offer 21st Century Fox issued earlier in the day to continue a bidding war for the British broadcaster. Comcast's newest offer came in at £14.75 per share, valuing Sky at £26 billion ($34 billion) up from it's previous offer of £22 billion.
The firm, which has just three partners and just over a dozen staff, has advised on just three deals so far in 2018, but those deals have a combined value of more than $65 billion.
It's not just you: The company has confirmed it is suffering from outages across the US.
Fox surges as AT&T’s court victory appears to give its Disney deal the green light — but a bidding war could be on the horizon
A Comcast takeover of Fox would be similar to AT&T’s so-called “vertical” merger with Time Warner in that it would combine two markedly businesses working at separate parts of the ecosystem. Comcast, a distributor of content, would have access to Fox’s popular franchises as well its its studios.
Rupert Murdoch’s Fox cleared to go head-to-head with Comcast in $29 billion Sky takeover battle — on one condition
Sky is known in Europe for its live football (soccer in the US) broadcasts as well as for premium content such as HBO's "Game of Thrones" and in-house productions such as "Fortitude" and "Britannia."
Comcast said that it hadn't made a final proposal but that "the work to finance the all-cash offer and make the key regulatory filings is well advanced."