reports
- Allan C. Nichols
Morningstar | Comcast Wins Auction for Sky With Bid of GBX 1,728; May ...
The bidding war for Sky is nearing an end. With neither Comcast nor Fox making an offer labeled as final, the U.K. Takeover Panel exercised its rights to take the bidding to a final auction. The auction was held Sept. 22, with Comcast bidding GBX 1,728 per share, 10% more than Fox’s GBX 1,567 offer. Both offers were significantly higher than their previous bids of GBX 1,476 and GBX 1,400, respectively. The offers are great for Sky shareholders, but we believe Comcast will struggle to generate ...
- Allan C. Nichols
Morningstar | Comcast Wins Auction for Sky with Bid of GBX 1728, May h...
The bidding war for Sky is nearing an end. With neither Comcast or Fox making an offer labeled as final, the U.K. Takeover Panel exercised its rights to take the bidding to a final auction. The auction was held on Saturday Sept. 22, with Comcast bidding GBX 1728 per share, 10% more than Fox’s GBX 1567 offer. Both offers were significantly higher than their previous bids of GBX 1476 and GBX 1400, respectively. The offers are great for Sky shareholders, but we believe Comcast will struggle to ge...
- Allan C. Nichols
Comcast Wins Auction for Sky with Bid of GBX 1728, May have Found the ...
The bidding war for Sky is nearing an end. With neither Comcast or Fox making an offer labeled as final, the U.K. Takeover Panel exercised its rights to take the bidding to a final auction. The auction was held on Saturday Sept. 22, with Comcast bidding GBX 1728 per share, 10% more than Fox’s GBX 1567 offer. Both offers were significantly higher than their previous bids of GBX 1476 and GBX 1400, respectively. The offers are great for Sky shareholders, but we believe Comcast will struggle to ge...
- Allan C. Nichols
Morningstar | The fight for Sky continues.
Sky has succeeded in aggregating some of the best content available and marketing its services. More than a decade ago, the firm began to enter exclusive deals to carry major sporting events in the United Kingdom. In addition, it acquired rights to many first-run movies and U.S.-produced television series, which are becoming increasingly popular in the U.K. While it resells the majority of its purchased content to other television carriers, it also produces its own shows to distinguish its produ...
- Allan C. Nichols
The fight for Sky continues.
Sky reported another solid fiscal year-end result with revenue growing 4.5% year over year, similar to our 4.7% projection. Despite this strong revenue growth, we think the shares are trading above the company’s fair value estimate as a stand-alone company. Thus our fair value estimate is based on the latest takeover offer. Our fair value estimate deducted the GBX 22 per share final dividend that had been scheduled. However, management announced it would not pay the final dividend, so we expec...
- Allan C. Nichols
Morningstar | Sky Reported Another Solid Fiscal-Year Result; Awaiting ...
Sky reported another solid fiscal year-end result with revenue growing 4.5% year over year, similar to our 4.7% projection. Despite this strong revenue growth, we think the shares are trading above the company’s fair value estimate as a stand-alone company. Thus our fair value estimate is based on the latest takeover offer. Our fair value estimate deducted the GBX 22 per share final dividend that had been scheduled. However, management announced it would not pay the final dividend, so we expec...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.