Report
Allan C. Nichols
EUR 100.00 For Business Accounts Only

The fight for Sky continues.

With Fox’s original offer for Sky we saw two primary advantages for its bid. First, it already owned 39.1% of Sky’s shares, so only needed another 11% of shareholders to vote for it and second, Comcast needed to clear the regulatory process. With the removal of these advantages by making the Fox deal dependent on 50% of the vote not controlled by Fox and quick regulatory approval of Comcast’s offer, on July 11 Fox increased its bid for Sky to GBX 1400 per share from GBX 1075. This is higher than...
Underlying
Sky Limited

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Allan C. Nichols

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