Bidding war for BSkyB over : Comcast USA wins 22/9/18

[arista]

Comcast Vs 21st Century Fox (Disney)

At least it will be over.



[All sides involved in the takeover battle agree to a formula to
end the process by Saturday night.
The Takeover Panel said the two American companies bidding for
control of Sky - film and TV group 21st Century Fox and
cable giant Comcast - would be invited to take part in a
three-round auction on Saturday if a competitive situation between
the pair continued to exist by 5pm on Friday.]


https://news.sky.com/story/bidding-war-for-sky-on-course-for-auction-takeover-panel-11502370

Sign Of The Times

[arista]

The Final bid is going on.
We expect to find out around 7:30PM -8PM

[bots]

Comcast won

[arista]

[Comcast has triumphed in the auction to buy Sky plc, the owner of Sky News, for £30.45bn in the biggest takeover ever seen in Europe's media industry.]

https://news.sky.com/story/comcast-outbids-fox-in-auction-for-sky-11505655


Of Course Fox
still owns around 30% in this deal, so soon it
will be Disney will be the 2nd owner of shares
as they are taking over 21st Century Fox (except FoxNews and Sports)

[arista]

https://news.sky.com/story/james-murdoch-quits-sky-as-comcast-takes-control-11522135

James Murdoch quits Sky as Comcast takes control

Comcast has now bought all the Sky Shares


[Sky said there would now be applications
to cancel its stock market listing and trading - and that this
was expected to become effective on 7 November.]


["Separately, Sky News will benefit greatly from Comcast's funding
commitments over the coming years and the arrangements
that will be put in place to preserve and enhance its editorial independence."]

[Maru]

Comcrap :fist: