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Comcast beats Fox in Sky auction with $39B bid

Comcast beats Fox in Sky auction with $39B bid

7 years ago
Anonymous $oIHRkISgaL

https://phys.org/news/2018-09-comcast-fox-sky-auction-39b.html

In a statement, Sky recommended that shareholders accept Comcast's offer and sell their shares immediately. Comcast said it hoped to complete the takeover by the end of October.

"Sky is a wonderful company with a great platform, tremendous brand and accomplished management team," Comcast Chairman and CEO Brian Roberts said in a statement. "This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally."