Sky UK Fox Comcast

Comcast said Saturday that it has topped Twenty-First Century Fox in the battle for Sky, making an offer of £17.28 per Sky share. That implies a value of $40 billion for the UK satellite firm.

“This is a great day for Comcast. Sky is a wonderful company with a great platform, tremendous brand, and accomplished management team,” Comcast CEO Brian Roberts said. “This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally. We couldn’t be more excited by the opportunities in front of us. We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018.”

Comcast defeated Fox in a blind auction process. Sky investors have until Oct 11 to accept the Comcast offer.

The Daily

Subscribe

People

Todd Porch was named president of ad-tech company Strategus. Porch most recently served as vp, Comcast Cable’s Effectv. – A+E Networks promoted Christopher Barry to evp, financial and business planning. Before joining A+E Networks in 2012, Barry worked for SundanceTV. – WWE named Chris Legentil svp & head of global communications. Most recently, Legentil was […]

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 30
Top Ops – 2021 Nominations Nominations Due: April 30, 2021
Jun 10
The FAXIES Awards – Virtual CelebrationSave the Date! - June 10, 2021
Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.