Sky takeover: Comcast outbids 21^st Century Fox with a £30.6bn (€34.3bn) bid for the company

Comcast, a US media conglomerate and cable operator has bid £30.6bn (€34.3bn) or £17.28 (€19.38) per share, and thus winning the bidding process involving another US conglomerate, 21^st Century Fox, for the acquisition of the British broadcasting group Sky, on 22/09/2018.

21^st Century Fox made a bid of £15.67 (€17.58) per share. The "Takeover Panel", from the British regulatory body, The Panel On Takeovers and Mergers, has until 11/10/2018 to decide on the conformity of the bids.

"This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally. We couldn’t be more excited by the opportunities in front of us. We now encourage Sky shareholders to accept our offer, which we look forward to completing before the end of October 2018," said Brian L. Roberts, CEO of Comcast, on 22/09/2018.

• "Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky," said the US media conglomerate and cable operator, on 19/07/2018.  
  • The Walt…