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
  +8.00p +0.53% 1,531.00p 1,530.50p 1,531.00p 1,532.00p 1,524.50p 1,524.50p 1,987,248 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 12,916.0 803.0 40.6 37.7 26,318.15

Comcast Formally Posts Offer Document to Sky Shareholders

13/07/2018 3:56pm

Dow Jones News


Sky (LSE:SKY)
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   By Adria Calatayud 
 

Comcast Corp. (CMCSA) said Friday that it has formally posted the offer document to Sky PLC (SKY.LN) shareholders, who will now have until Aug. 22 to accept the bid.

Earlier this week, Comcast made an offer for all of Sky of 14.75 pounds ($19.5) a share, valuing the company at GBP25.9 billion. That offer topped an existing bid from 21st Century Fox Inc. (FOX), which already owns 39% of Sky and offered GBP14.0 a share for the remaining stake.

Sky's independent directors support the Comcast offer, Comcast said on July 11.

Separately on Friday, the U.K. Takeover Panel said Walt Disney Co. (DIS) must make an offer of GBP14 a share for Sky if it buys Fox's entertainment assets.

Sky is 39%-owned by Fox, which shares common ownership with News Corp (NWS), the parent company of Dow Jones.

 

Read more about the Sky takeover at https://on.wsj.com/2JhQx1C (WSJ paywall) or https://bit.ly/2usY3RU (NewsPlus).

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

July 13, 2018 10:41 ET (14:41 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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