21st Century Fox has agreed to sell its 39% stake in European media giant Sky to Comcast. The deal values the minority share in Sky at the same £17.28/share price Comcast offered for the other 61%. After Fox lost the auction for majority control of Sky, they were resigned to selling their minority share. Disney … Read more
Comcast has seemingly won the 21-month battle for European broadcasting giant Sky. The winning bid by Comcast values the 61% share of the company up for grabs at $40 billion. 21st Century Fox, soon to be owned by The Walt Disney Company, currently owns the other 39% of Sky. However, Comcast would become the controlling … Read more
In a somewhat shocking piece of news, Comcast has decided to drop out of the bidding war for 21st Century Fox. This leaves Disney as the only company with an open offer for Fox, and thus the clear favorites to acquire Fox. Comcast decided to drop out of the race after Disney’s latest bid of $71 … Read more