Report
Neil Macker
EUR 100.00 For Business Accounts Only

U.K. Regulator Approves Fox's Offer for Sky, but Comcast Tops Fox With GBX 1,475 Offer

On July 12, Jeremy Wright, the new U.K. culture secretary, approved Twenty-First Century Fox’s offer for Sky, removing the last barrier to taking the bid to a vote. However, Comcast threw a spanner into the works by increasing its bid for Sky to GBX 1,475 per share from GBX 1,250. Comcast reserves the right to reduce its offer by any amount up to the final dividend of roughly GBX 22 per share if the dividend is paid before a deal is closed. We are increasing our fair value estimate for Sky to GB...
Underlying
Walt Disney Company

Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.

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
Neil Macker

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