Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast
Jul 12, 2018, 20:37
Comcast increased its bid for Sky Wednesday evening, beating an offer 21st Century Fox issued earlier in the day to continue a bidding war for the British broadcaster. Comcast is said to be ready to negotiate with the feds on the number of Fox RSN's it would have to divest as some of them may overlap with Comcast's NBC Sports regional networks.
The Government had been concerned over the impact that Fox's takeover of Sky could have on United Kingdom media, given that the Murdoch family also owns News Corp - the publisher of a raft of newspapers including The Sun and The Times. Rupert Murdoch's 21st Century Fox has raised its offer for Britain's Sky. Although the figure now looks to be untouchable, Comcast is expected to reply with its final offer that could climb as high as $90bn. Those assets include the Fox's Hollywood studios, content library, cable channels, global networks, and a 39-percent stake in Sky.
Sky, based in the United Kingdom, has more than 20 million subscribers in several European countries, in addition to a content arm that includes Sky News. Comcast said on Wednesday that Sky's independent board committee supports its offer that it plans to mail to Sky shareholders within days.
Or, if Comcast is reluctant to forfeit a stake in Sky, it could drop its bid for the bulk of Fox's entertainment assets, he said.
"Comcast has long admired Sky and believes it is an outstanding company and a great fit with Comcast", Comcast said in a statement. News Corp., which is controlled by the Murdochs, withdrew its bid for Sky soon after.
The fight for ownership of Sky is playing out against the backdrop of Disney and Comcast's battle for a raft of Fox assets, including Fox's current 39% stake in Sky. The Walt Disney Company has agreed to a $71 billion (Rs 4.88 lakh crore) takeover of Fox's entertainment assets, and will own all of Sky if Fox secures the deal.
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The mobile phone plant can produce almost 12 crore mobile phones every year, and will create 15,000 job opportunities. India is a country with a population of 1.3 billion people, and yet there are only 425 million smartphone users.
During this process, rescuers need to hold the boys' oxygen tanks in front of them and swim pencil-like through submerged holes. However, even after their ordeal is over, the children could still suffer post traumatic stress disorder, experts have warned.
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Sources close to Cohen have slowly begun telling the media that the president's former attorney is ready to flip on his ex-boss. My quote is not evidence of a crime, it's a factual basis for the investigation.
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The Book of Kells is one of Ireland's greatest cultural treasures, and is on display at Trinity College in the heart of Dublin . Meetings with The President of Ireland, Michael Higgins, and with The Taoiseach, Leo Varadkar, are both planned.
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Reports Say First Two Boys Brought Out of Cave
The remaining boys and their coach are expected to have to wait at least another day before rescuers continue extraction attempts. That adds up to about two hours of air per tank - meaning multiple tanks must be hauled by rescuers trying to reach the boys.