Comcast and the Many Benefits of Sky
On September 22, Comcast (CMCSA) was announced the winner of a three-round auction held by the United Kingdom’s Panel on Takeovers and Mergers. Comcast bid $38.8 billion for 61% of UK broadcaster Sky. The shareholders and board of directors of Sky will most likely accept Comcast’s offer of 17.28 pounds per share by October 11 since it’s in the best interest of shareholders. Comcast beat Twenty-First Century Fox’s (FOXA) bid of 15.67 pounds per share.