Comcast Formally Offers GBX 1,250 per Local Sky Share; Maintaining FVE
On April 25, Comcast formalized its previous intent and offered GBX 1,250 per local share for Sky. With this formal offer, the independent board of Sky removed its previous recommendation that shareholders accept 21st Century Fox’s offer of GBX 1,075 per share. They also removed Fox’s liability of GBP 200 million break fee if the deal wasn’t completed and stated an offer would require 50% of the vote of independent shareholders. This requirement removes Fox’s biggest advantage of already locking...Sky is an entertainment and communications company, engaged in the operation of pay television broadcasting and home communications services, including the provision of broadband and telephone operations. Co. operates in three segments: UK and Ireland, which is involved in the activities and operations of the pay TV, home communications, mobile and adjacent businesses; Germany and Austria, which is involved in the activities and operations of the pay TV and adjacent businesses; and Italy, which is involved in the activities and operations of the pay TV and adjacent businesses. Co. provides entertainment from live sporting events, drama, U.S. and local shows and blockbuster 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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