Share Name Share Symbol Market Type Share ISIN Share Description
Sky plc LSE:SKY London Ordinary Share GB0001411924 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +14.50p +0.93% 1,580.00p 1,580.50p 1,581.50p 1,584.50p 1,562.00p 1,565.00p 3,470,759 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 13,585.0 864.0 47.5 33.3 27,184.17

Sky Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
19/9/2018
19:40
MoreComcast-Fox Battle for Sky May Be Decided in One-Day Auction https://www.bloomberg.com/news/articles/2018-09-19/comcast-fox-battle-for-sky-could-be-resolved-in-one-day-auction
hades1
17/9/2018
19:02
Another update tonighthttps://seekingalpha.com/news/3390815-fox-extends-offer-sky-comcast-showdown-looms
hades1
16/9/2018
20:22
Bidding War for Sky Inches Closer 09/16/2018 | 05:15pm BSTBy Stu Woo and Ben DummettLONDON -- The victor in a very public bidding war between 21st Century Fox Inc. and Comcast Inc. for British broadcaster Sky PLC is likely to be decided in private.U.K. corporate-takeover rules could require a sealed-bid auction -- also known as a blind auction -- to conclude what might otherwise become a never-ending game of ever-sweeter bids.In such auctions, bidders submit secret offers to a third-party arbiter. They are common in all sorts of commercial transactions, including home sales, cellular-airwave auctions and bidding for professional athletes.They are very rare, however, when it comes to high-profile deal making involving a big public company. Sky is a British broadcasting giant with a stock-market value of GBP26.8 billion, or $35 billion."The scale and magnitude of the potential auction is something we haven't seen in recent history," said Tyler Tebbs, a London-based analyst at Olivetree Financial Ltd., which focuses on analyzing deals.Britain's Takeover Panel, a regulatory body that polices corporate deals, last conducted one in 2008. Wisconsin-based Manitowoc Co. beat Illinois Tool Works Inc. with a $2.7 billion bid for British food-equipment manufacturer Enodis.Rupert Murdoch's 21st Century first proposed buying the 61% of Sky that it doesn't already own in December 2016 for GBP10.75 a share. After the proposed deal hit regulatory and political hurdles, Comcast in February announced its own bid to buy all of Sky for GBP12.50 per share, or $31 billion.In July, Fox sweetened its offer to GBP14 a share -- only for Comcast to counter the same day with GBP14.75 per share, valuing Sky at $34 billion. On Friday, shares closed at GBP15.78, as investors anticipate a higher offer from one side or the other.Amid all that, Comcast and Walt Disney Co. separately traded bids to buy Fox. Disney won that contest, agreeing in July to buy a chunk of Fox assets, including its existing Sky stake, for $71 billion.That leaves a deal for Sky the only bit of unfinished business between the three media giants -- pitting Fox, backed by Disney, against Comcast. Disney and Comcast have both said they covet Sky's international footprint and its ability to sell both telecom services and original TV programming.Mr. Murdoch and his family are major shareholders in both Fox and News Corp, which publishes The Wall Street Journal.Under U.K. takeover rules, Fox and Comcast could still avoid an auction if one or both submit a "best and final" offer by Sept 22. Neither side is likely to do so, according to people familiar with each company's thinking. Either side could also still drop out of the auction.Sealed-bid auctions are more typical in lower-stakes sales. Major League Baseball used them for Japanese players. In 2006, the Boston Red Sox won the rights to Daisuke Matsuzaka with a $51 million sealed bid that beat out the New York Yankees and other rivals.Telecommunications regulators also hold blind auctions for spectrum, or the airwaves that wireless carriers need. Carriers sometimes hire game theorists to help strategize how to outbid rivals.In Britain, there are guidelines, but no firm rules, governing a sealed-bid auction related to a corporate deal. The Takeover Panel typically works privately with the two bidders to agree on specific procedures, including how companies would submit bids and how those bids would ultimately be disclosed. If two sides can't agree with the Takeover Panel on auction rules, the regulator can adopt its own procedures.In the event of an auction between Fox and Comcast, such rules could be publicly disclosed sometime next week. An auction could happen shortly after that -- even before the Sept. 22 deadline.The Takeover Panel declined to comment on the Sky bidding.In 2007, India's Tata Steel Ltd. and Brazil's Companhia Siderurgica Nacional agreed to as many as nine, rapid-fire bidding rounds, in their duel to acquire Anglo-Dutch steelmaker Corus Group PLC. After an auction that went late into the following morning, Tata won with a bid of GBP6.08 a share, or GBP6.2 billion. CSN bid GBP6.03 a share. Each bid was submitted by email.The 2008 auction for Enodis, the food-equipment maker, had just one round. In that case, the panel and companies agreed to only disclose the winning bid.Write to Stu Woo at Stu.Woo@wsj.com and Ben Dummett at ben.dummett@wsj.com
hades1
16/9/2018
04:45
From todays Sunday TimesCrunch time for SkyThe £26bn saga for control of Sky is set to go to a winner-takes-all auction run by the takeover watchdog after media giants Comcast and 21st Century Fox were unable to land a knockout blow, writes Peter Evans.The Takeover Panel will announce terms of engagement for the auction as early as tomorrow morning, including its length, the number of bids allowed and whether it will be conducted in public or private.An auction could be avoided if Comcast or Fox makes a final offer for Sky and the rival drops out. Sources on both sides viewed a conclusive bid as unlikely. Fox and Comcast declined to comment.
hades1
15/9/2018
09:03
Next update https://www.ksat.com/money/disney-and-comcast-could-be-forced-into-a-quickfire-auction-for-sky?utm_source=twitter&utm_medium=social&utm_campaign=snd&;utm_content=ksat12
hades1
14/9/2018
09:20
Worth a read - Todays news https://www.bloomberg.com/news/articles/2018-09-13/sky-auction-is-said-to-prompt-fox-and-comcast-to-negotiate-rules
hades1
14/9/2018
08:47
the highest bid also needs to be high enough to meet shareholder approval
nerdlinger
13/9/2018
21:38
Can't wait. I was quite happy with Comcast offer ORIGINALLY
stevesold
13/9/2018
20:06
....then you will be happy.But remember sealed bids on or after 22nd will without doubt give us the highest possible price.
hades1
13/9/2018
19:46
Jolly good. I am happy to stand corrected.
bouleversee
13/9/2018
19:35
It looks like someone is about to up the anti earlier than I expected?
hades1
12/9/2018
19:07
It means nothing of the kind. It is likely to go to final sealed bids just after 22nd but Comcast are just covering the bases just in case Disney withdraws before 22nd. If they had not extended their offer end date, it would lapsed before 22nd and so left them very exposed. Disney could move before 22nd but I think they will wait for the sealed bid process. Sealed bids likely to be SKY high! Now final price can’t go below 1475p but I now believe it will be 2000p+ Sealed bids are the best possible outcome for shareholders.
hades1
12/9/2018
18:40
I see Comcast have now extended their offer so presumably not intending to raise it: hxxps://www.skygroup.sky/corporate/investors/rns/2367122
bouleversee
12/9/2018
08:19
Rumour is that this will now be decided by sealed bids http://www.morningstar.co.uk/uk/news/AN_1536748180831769100/fox-and-comcast-battle-for-sky-could-end-in-sealed-bids-auction.aspx
hades1
09/9/2018
16:47
They both want and need Sky. I suspect they both know that who ever wins will be seen to have over paid, at least initially. But they both must take full ownership of Sky but maybe especially Disney, as without it they will have overpaid for the other Fox assets. In turn, Comcast will pay whatever it takes to win. So the final price will be very high. Key to the valuation is Sky Now (an OTT platform as Netflix) which is bigger than Netflix in the markets it operates - for Comcast add Sky Q which is technologically streets ahead of their US offering so if Comcast win then short ARRIS. It’s a game of survival for both Comcast and Disney in this market. I believe they have both locked-in tbe existing Sky management, so they will remain whoever is victorious.
hades1
09/9/2018
10:20
Hades1, made a no e read. So its still fingers crossed. Thanks
stevesold
09/9/2018
09:55
Todays MOShttps://www.thisismoney.co.uk/money/news/article-6146347/Murdochs-ditch-assault-Sky-battle-Mogul-hires-lobbyists-help-seal-TV-megadeal.html
hades1
07/9/2018
16:57
Exon, I did thanks 4 correction 😊
stevesold
07/9/2018
15:34
Think he/she means quiet. 22nd seems to be the make or break day. There is a stand off at the moment in this game of monopoly, both want, but don't want to overpay. The independent board have recommended the Comcast bid of 14.75. (only because there is no higher bid as yet) Very few, so far are willing to sell to Comcast at the offer price and as a result have extended their offer period. With a current price of £15.50 the Market seems to be in the know and have an expectation of a higher bid, or believe a stock market auction will result after this stand off. The online brokers have set their default decision as take no action yet.
exon
06/9/2018
12:50
I'm still holding, the market price is quite.
stevesold
06/9/2018
12:03
Ditto. All advice appreciated. My memory tells me the 22nd is decision day, but can anyone flesh out scenarios? And is advice to continue to hold?
joh4
06/9/2018
12:02
Wait to see if Murdoch/Disney comes back, and if it goes to auction later this month?
rogthepodge
06/9/2018
10:42
Whats the latest 'advice', this thread seems to have gone quite.
stevesold
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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