Comcast beats Fox in Sky auction with $39 billion bid

An auction lasting a maximum of three rounds will take place September 22, the Takeover Panel announced in a statement, should the US media giants not table final offers by late September 21. (AFP)
Updated 23 September 2018
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Comcast beats Fox in Sky auction with $39 billion bid

  • Sky is currently trading at $20.57 a share — above Comcast’s latest offer price of $19.14
  • Sky’s subscription base of 23 million and rights to English Premier League football make it one of Europe’s most profitable and powerful TV companies

LONDON: British regulators said Comcast had beat 21st Century Fox in a rare auction that allowed both sides to bid for European broadcaster Sky.
After three rounds of bidding behind closed doors, Comcast offered the higher price of 17.28 pounds ($22.58) per share, the equivalent of nearly 30 billion pounds ($39 billion). Fox offered 15.67 ($20.47) per share.
The regulator, the Takeover Panel, set up the auction to reduce uncertainty for Sky. It now gives Sky shareholders a firm bid to evaluate after Fox and Comcast engaged in a series of counteroffers.
Fox had long been trying to acquire the 61 percent of Sky it doesn't already own. Comcast wants to grow its operations in Europe.
Sky is Europe's largest pay-television operator, with 22.5 million customers in seven countries.


Five Czech soldiers wounded in Afghanistan attack — ministry

Updated 2 min 56 sec ago
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Five Czech soldiers wounded in Afghanistan attack — ministry

  • The five soldiers were injured when a civilian vehicle loaded with explosives was blown up near an armored vehicle which then rolled over
  • Thirteen Czech soldiers have been killed in NATO missions in Afghanistan

PRAGUE: Five Czech soldiers have been injured in an attack in Afghanistan only two months after three others were killed, the Czech defense ministry said on Thursday.
“The attack on the Czech patrol occurred on Wednesday around 1220 GMT near the Bagram base in the Parwan province,” the ministry said in a statement.
The five soldiers were injured when a civilian vehicle loaded with explosives was blown up near an armored vehicle which then rolled over, it added.
One soldier with serious injuries underwent surgery and his life is no longer in danger.
Another with light injuries remained in hospital while the other three were released, the ministry said.
On August 5, three Czech soldiers were killed in a suicide bombing while on patrol in the eastern Parwan province alongside a US soldier and two Afghan soldiers, who were wounded. The Taliban claimed responsibility for the attack.
It was the deadliest assault on NATO soldiers in many months.
The Lidove noviny broadsheet daily reported on Wednesday that Czech special forces had killed one of the August attackers and captured another, while Czech TV reported “far more” had been killed and captured.
Thirteen Czech soldiers have been killed in NATO missions in Afghanistan.