Sky - Comcast takeover complete

The Takeover Panel has 'had enough' and is insisting on resolving the impasse this weekend ....

Uk takeover regulators confirm our scoop that the auction will held this weekend in a one day auction! BUT we wont find out the winner til Oct 11 most likely https://t.co/fjDVJen2eX via @business

— Anousha (@anoushasakoui) September 20, 2018

The Process

SKY — bidding opens tomorrow....ends Saturday....Fox / Disney vs Comcast.... pic.twitter.com/49EN6WvarJ

— Mario Gabelli (@MarioGabelli) September 20, 2018

Both Parties will know by Sunday who the winner is. The public announcement could be delayed though.

Feels a bit like Season 8 Episode 8 of South Park.

There's only one winner with this... the dirty digger.

The biggest losers will be Sky subscribers - if they are daft enough to stay with it.

I hope there's a live stream hosted by Peter Simon.

Good luck if you get it.

Well, he's currently not doing anything else, so you never know.

I wonder if they'll all be stood round a fax machine waiting for the decision with Greg Dyke ready to kick off at how stupid the process was...

Worthwhile searching Twitter this afternoon. Take your pick of those commentating there. Not seen any suggestion of a knockout bid from either side though.

OFFERS BY
COMCAST CORPORATION (“COMCAST”)
AND
TWENTY-FIRST CENTURY FOX INC. (“FOX”)
FOR
SKY PLC (“SKY”)
On 20 September 2018, the Panel Executive announced that, in accordance with Rule
32.5 of the Takeover Code, it had established an agreed auction procedure (the
“Auction Procedure”) for the resolution of the competitive situation in relation to Sky.
The Auction Procedure has ended and the offers of Comcast and Fox following its
conclusion are as follows:
Comcast: £17.28 per Sky ordinary share
Fox: £15.67 per Sky ordinary share

http://www.thetakeoverpanel.org.uk/wp-content/uploads/2018/09/Announcement.pdf

Comcast has outbid Fox.

https://news.sky.com/story/comcast-outbids-fox-in-auction-for-sky-11505655

Good.

You do know Rupert will get alot of money for this.. If Comcast reputation is anything, I think alot of people will leave them since there have a choice, like Sky, cable etc