44.99 -0.02 (-0.04%)
After hours: 6:44PM EDT
|Bid||44.87 x 4000|
|Ask||45.00 x 800|
|Day's range||44.43 - 45.05|
|52-week range||24.81 - 50.15|
|PE ratio (TTM)||18.72|
|Earnings date||6 Nov 2018 - 12 Nov 2018|
|Forward dividend & yield||0.36 (0.81%)|
|1y target est||49.82|
Shares in Sky jumped 9 percent to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in the battle for Europe's largest pay-TV company. Thuy Ong reports.
Comcast beats Rupert Murdoch’s Twenty-First Century Fox in the battle for British broadcaster Sky, after offering $40 billion in a dramatic auction. Grace Lee reports.
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday. Pascale Davies reports.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? The growing demand for video streaming services in the US has led to a decline in video subscribers for most cable and satellite operators. To counter these threats, the leading media giant has launched its new DTC (direct-to-consumer) service.
Shares of Disney (DIS) and Netflix (NFLX) surged Monday for completely different reasons. Yet their climbs highlight how important the streaming industry is and helps set up what will likely be years of comparison between the two media powers.
Comcast shares are down 7% in Monday trading, following the cable giant’s winning bid for Sky. Why Disney could be the big winner in the auction results.
Comcast’s winning bid, valued at $38.8 billion, was up 40.1% above its initial bid of £12.50 a share in February and Fox’s initial £10.75-a-share bid in December 2016. Comcast’s stock fell 7% to $35.24, bringing its decline so far this year to 12%. Sky sells phone, TV and internet services to 23 million European customers and produces its own news, entertainment and sports programming.
With Monday's plunge, shares of Comcast are down more than 10 percent in 2018 and flirting with bear market territory.
In the fiscal year to the end of June, Sky had revenue of £13.59 billion and a pretax profit of £864 million. Comcast is an American cable juggernaut that owns NBCUniversal as well as the Xfinity cable and telecommunications service. Fox is an American TV and entertainment group that owns a 39% stake in Sky.
Comcast's (CMCSA) bid outsmarts 21st Century Fox for European pay-TV player, Sky Plc's 61% stake in a three-round regulated auction held last Saturday.
0953 GMT - Anglo Pacific looks set to make more royalty acquisitions before year-end after recently acquiring a stake in Labrador Iron Ore Royalty, Peel Hunt says. The brokerage expects a small net debt of GBP7 million at the end of 2018 after increasing its loans. Labrador’s 3Q dividend of C$0.55 a share was slightly ahead of Peel Hunt’s C$0.50 estimate and the consensus forecast, suggesting Anglo may see more near-term cash from Labrador than expected, the brokerage says.
Australia’s national broadcaster sacked its managing director, Michelle Guthrie, on Monday following a series of bruising battles with the centre-right government over media coverage and budget cuts. ...
Brian Roberts, Comcast’s chief executive, knew that the company built by his late father Ralph, needed to bolster its presence abroad. Comcast is the largest cable operator and provider of broadband services in the US but lacks international exposure. The company ushered in the pay-TV era in the UK when it was launched almost 30 years ago by Rupert Murdoch on “a wing and a prayer” from a draughty industrial park on the outskirts of west London.
Comcast outbid its rival Twenty-First Century Fox by $3.6 billion over the weekend in a long-running battle between the two companies for British broadcaster Sky.
, the US cable group’s chief executive has said after winning a drawn-out battle against rivals Walt Disney and 21st Century Fox. The deal ends Mr Murdoch’s involvement with Sky almost 30 years after he created the satellite television group that came to be the main rival of the UK’s dominant terrestrial TV players. Brian Roberts, chief executive of Comcast, which also owns NBCUniversal, told the FT that the company encouraged its top executives to act entrepreneurially.
Comcast has outbid Fox in a $39 billion takeover of British broadcaster Sky, after it emerged a clear winner with the highest bid in three rounds.
Its tough to succeed in the increasingly crowded over-the-top market, but The House of Mouse appears to have cracked the code.
Comcast has triumphed over 21st Century Fox and Walt Disney in the auction for Sky with a £30.6bn bid in a deal that will redraw the global media landscape. Comcast’s £17.28 a share bid beat a rival £15.67 a share bid from Fox, which was backed by Disney, and came in the third and final round of an auction when each bidder was asked to make their best offer for the broadcaster. The Comcast offer values Sky at almost £4bn more than the Disney-Fox bid and was recommended to shareholders by Sky’s independent committee, which was set up to evaluate the takeover bids.
Comcast (CMCSA) and 21st Century Fox will now participate in a three-round auction to settle the ownership of 61% stake in Sky.
Streaming service providers are posing a threat to media giants, taking their fight to gain control over streaming to the next level.
Twenty-First Century Fox and Comcast are about to go head to head in London at a takeover auction for British broadcaster Sky.