CMCSA

Discussion in 'Stocks' started by dealmaker, Apr 26, 2018.

  1. dealmaker

    dealmaker

    Sky Bidding War

    Comcast has formalized its bid for Sky, which it first revealed back in February. The move, at £12.50 per share, led Sky to withdraw its recommendation of 21st Century Fox's rival bid, which was only £10.75 per share. We may now see a bidding war evolve, as the news of Comcast's formal offer sent Sky's shares up to £13.59. BBC
     
  2. dealmaker

    dealmaker

    Comcast vs. Disney

    Comcast's counteroffer to Disney's bid for 21st Century Fox's entertainment assets is real and imminent. Comcast says it is "considering, and is in advanced stages of preparing, an offer for the business that Fox has agreed to sell Disney…Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney." According to the BBC, it's unlikely that Comcast will move until a judge rules on the U.S. government's suit to block the Time Warner-AT&T merger. BBC
     
  3. dealmaker

    dealmaker

    Comcast vs Disney

    Comcast's bidding war with Walt Disney for most of 21st Century Fox is finally on, in the wake of the ruling that cleared AT&T's takeover of Time Warner (Fox's board had previously been wary that antitrust regulators might nix a Comcast takeover.) Comcast made its $65 billion cash offer yesterday, at a premium of 20% to Disney's all-stock offer. The Wall Street Journal reports that Disney is organizing financing in case it needs cash to counter Comcast's offer. WSJ