Comcast

Comcast closes in on 40% of Sky shares days after US$39bn bid

Comcast has bought up 36.95% of Sky just days after it dealt a knock-out $39bn bid for the pay-TV broadcaster. As of Wednesday (September 26), the business owns around 635m shares in Sky, according to an official statement from the London Stock Exchange, and is looking to make further market purchases at £17.28 per share. […]

Fox ‘considering options’ as Comcast deals knockout blow for Sky

Sky’s stock has jumped in value after the pay TV operator’s independent board recommended shareholders accept its superior offer in the sealed bidding process carried out at the end of last week, with Fox “considering its options” over its 39% stake in the company. “As the price of the final Comcast Offer is materially superior, […]

Fox extends Sky deadline as sealed auction looms

21st Century Fox has extended its deadline for Sky shareholders to accept its £14 a share offer for the company until October 6, following a similar move by rival Comcast next week. Fox’s move sets the scene for a sealed auction to kick off after the September 22 deadline for Fox to raise its bid. […]

Hopster debuts on US pay TV with Comcast

Kids OTT TV service Hopster has launched via the internet on US cable giant Comcast’s Xfinity X1 set-top, marking the first time the UK-based online subscription video on demand service is available from a pay TV provider in the US.  Xfinity customers and their families now have access to Hopster’s library of videos including premium […]

Comcast extends deadline for Sky shareholders

Comcast has extended its deadline for Sky shareholders to accept its £14.75 (€16.50) a share offer for the pay TV operator after receiving acceptances from fewer than 1% of holders of ordinary shares. Comcast has now extended the closing date for acceptances until September 12. Comcast said shareholders who had not yet accepted the deadline […]

US pay TV subscriber losses mount

The top 10 US pay TV providers recorded a total net loss of over 358,000 subscribers in the second quarter, with gains for OTT TV options DirecTV Now and Sling TV only partially offsetting losses from their parent companies and the cable operators, according to Informitv’s latest Multiscreen Index. According to the latest edition of […]

Comcast to be first US operator to launch Amazon Prime Video

Comcast has partnered with Amazon in a deal that will establish it as the first US pay TV operator to launch Prime Video integrated into its television platform. Amazon Prime Video is due to launch on Comcast’s Xfinity X1 later this year, allowing viewers to watch Prime Originals like Tom Clancy’s Jack Ryan, The Marvelous Mrs. Maisel, […]

Fox and Disney shareholders say yes to deal

21st Century Fox and Disney shareholders have approved the acquisition of Fox’s entertainment business by Disney. Fox shareholders approved the company’s merger agreement with Disney and the agreement for the distribution of shares related to the spin-off of the ‘new Fox’ company headed by Lachlan Murdoch that will house Fox News and Fox Business Network […]

Telia to acquire Bonnier Broadcasting

Nordic telecom operator Telia has struck a deal to take control of Bonnier Broadcasting, owner of Swedish commercial broadcaster TV4 and Nordic pay TV channel provider C More for SEK9.2 billion (€890 million). Telia said the move was in line with the strategy adopted by the Board in 2014 to create a new Telia Company […]

Comcast drops out of Fox race to focus on Sky

Comcast has dropped the bidding war with Disney to acquire assets from 21st Century Fox and will instead focus on the acquisition of Sky. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast chairman-CEO Brian Roberts said […]

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