Comcast challenges Murdoch's Fox with $31 billion offer to buy broadcasting group Sky
Publishing timestamp: 2018-02-27 09:58:06
Summary
Comcast announces a bid for Sky that is significantly higher than Fox's offer, raising stakes for the takeover of the European pay-TV group. Disney still views Sky as a desirable asset, making the situation more complicated. Sky's shares surged after the announcement, and Comcast intends to use Sky as a platform for growth in Europe. The deal comes at a time when traditional cable television networks are losing customers to streaming services.
Sentiment: MIXED
Tickers: AMZN, NFLX, 01KG-GB, DIS, CMCSA,
Keywords: technology, media, sky plc, europe news, business news, walt disney co, business, mergers and acquisitions, comcast corp, twenty-first century fox inc,
Source: https://www.cnbc.com/2018/02/27/comcast-offers-31-billion-to-buy-broadcasting-group-sky.html