U.K. Takeover Panel Rules Disney Must Bid for Sky If It Acquires Fox Assets
On April 12, the UK Panel on Takeovers and Mergers ruled that Disney must offer to buy the 61% free float of Sky’s shares at GBX 875 per share if it succeeds in its acquisition of the agreed assets it is buying from Fox, and neither has Fox already bought in the shares of Sky it doesn’t already own, nor has Comcast acquired more than 50% of Sky’s shares. We find the ruling a bit strange unless this is a precursor to rejecting Fox’s bid to acquire the Sky shares and stating it won’t require Disne...Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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