Comcast, with an offer of 39 billion dollars, was awarded control of Sky (23 million subscribers in five European countries) from which Rupert Murdoch, who had founded it in the early XNUMXs, exits.
Comcast's bid for Sky is £17,28 per share, Fox's £15,67. Comcast's offer values Sky at 29,7 billion pounds, about 35,6 billion dollars.
This is the outcome of the battle for the television broadcaster, according to what was announced after the closure of the offers. For the details we will have to wait for the formalization and then it will still take two weeks to know the verdict of the shareholders of the British pay-TV.
These are the last steps with which the word should be put to an end to a saga that began in December 2016, when Australian tycoon Rupert Murdoch's Fox stepped forward to acquire the 61% stake in Sky not yet in his possession. To close the long and complicated battle between the two US media giants, therefore, it was necessary to resort to the auction mechanism, an unusual procedure for a share company of significant dimensions such as that of British pay TV and used only rarely in the United Kingdom to resolve major takeover challenges.
