Comcast

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 […]

Department of Justice chances of success ‘remote’, says AT&T chief

The possibility that the US Department of Justice will succeed in overturning a court decision that enabled AT&T to go ahead with its acquisition of Time Warner is “remote”, according to AT&T chief executive Randall Stephenson. Stephenson told CNBC that the DOJ’s intervention “changes nothing” in relation to the company’s plans to integrate Time Warner […]

Liberty Global unconcerned whether Fox or Comcast take control of Sky

Liberty Global is “not bothered” about whether 21st Century Fox or Comcast gains control of Sky in the UK, according to the international cable operator’s CEO Mike Fries. Speaking to CNBC, Fries said that Liberty both competed and partnered with Sky in the UK and said that the market was “healthy and vibrant” and competitive. […]

Comcast raises Sky bid to £26bn as UK government approves Fox takeover

Comcast has raised its cash offer for Sky to £26 billion after 21st Century Fox’s cash bump to £24.5 billion (€27.7 billion) earlier this week. The latest move in the bidding war for Sky comes as the UK government finally gave a green light to Fox’s takeover of the UK pay TV operator. The offer […]

Comcast lines up regional sports network buyers in Fox battle

Comcast is lining up potential buyers for 21st Century Fox regional sports networks (RSNs) in an attempt to ease antitrust concerns about a new bid to acquire the majority of Fox’s assets, according to Reuters. The media giant is talking to private equity firms, including Apollo Global Management and Blackstone Group LP, about acquiring the […]

Sky bidding war in prospect as Fox set for green light

21st Century Fox is expected to receive a green light from culture secretary Matt Hancock to take control of Sky this week, triggering a potential bidding war for the UK-based pay TV operator with Comcast. Hancock’s clearing of the deal is expected to conditional on Fox selling Sky News – most likely to Disney – […]

Fox sets date for Disney vote as investor calls for Comcast to be given chance

21st Century Fox has called a special meeting of stockholders on July 27 to vote on Disney’s amended merger offer for the bulk of Fox’s assets. The Fox board has recommended that shareholders vote in favour of the amended agreement. However, shareholder The Children’s Investment Fund Management (TCI) has reportedly called on Fox chairman Rupert […]

US Department of Justice clears Disney bid for Fox assets

The US Department of Justice (DoJ) has approved Disney’s bid for Fox assets, so long as it divests 21st Century Fox’s 22 regional sports networks. A lawsuit was filed by the DoJ’s Antitrust Division to block the acquisition if the mouse house did not divest Fox’s sports assets. Approval was granted once Disney agreed to […]

Fox says Comcast deal would ‘carry more regulatory risk’

21st Century Fox has said that a deal with Comcast would carry more regulatory risk than one with Disney, even in the wake of the failed US Department of Justice attempt to block the merger of AT&T and Time Warner. In an SEC filing that outlined 21st Century Fox’s board’s reasons for recommending Disney’s revised […]

Sky independent committee welcomes EC Comcast approval

Sky’s independent committee has welcomed the European Commission’s decision at the end of last week to clear Comcast’s proposed acquisition of Sky. The EC concluded on Friday that the deal would realise no competition concerns in Europe. The Commission concluded that Comcast and Sky are “mainly active in different markets” in the countries in which […]

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