Advertisement
New Zealand markets closed

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NZD/USD

    0.6021
    -0.0013 (-0.22%)
     

  • NZD/EUR

    0.5586
    -0.0008 (-0.14%)
     

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • OIL

    79.59
    +0.33 (+0.42%)
     

  • GOLD

    2,368.90
    +28.60 (+1.22%)
     

  • NASDAQ

    18,113.46
    +28.46 (+0.16%)
     

  • FTSE

    8,442.15
    +60.80 (+0.73%)
     

  • Dow Jones

    39,387.76
    +331.36 (+0.85%)
     

  • DAX

    18,788.50
    +101.90 (+0.55%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • NZD/JPY

    93.7520
    -0.0160 (-0.02%)
     

Why Britain’s Panel for Takeover Wants Disney to Bid for Sky

Scarlett Ness
Updated
Why Britain’s Panel for Takeover Wants Disney to Bid for Sky

Twenty-First Century Fox (FOXA) and US broadcaster Comcast (CMCSA) are in a bidding war for London-based broadcaster and Internet service provider Sky, in which Fox already owns a 39% stake. Fox started with a bid of $15.5 billion in December 2016 for the remaining 61% stake, which was overtaken by Comcast’s higher bid of $31 billion. Fox made a higher offer of $33 billion but was outbid again by Comcast’s sweeter offer of $34 billion.

Continue reading