15 июля, 09:00

Trump’s trade war makes political sense to his base. Rivals must beware

China may have underestimated the president’s determination, and the global fallout from any US ‘victory’ will come laterWhen Donald Trump’s chief trade adviser went to Beijing in May with proposals to open up China’s vast domestic market to American goods – and thereby reduce a ballooning trade deficit with China – the mission was declared a failure.Before Robert Lighthizer set off, the veteran rightwing economist told Congress: “It is not my objective to change the Chinese system. It seems to work for them … But I have to be in a position where the US can deal with it, where the US isn’t the victim of it. And that’s where our role is.” Continue reading...

Выбор редакции
12 июля, 18:42

Sky's independent directors should learn valuation is art, not science | Nils Pratley

Rupert Murdoch versus Comcast battle shows board rolled over too cheaply previouslyCan it be only 19 months since outside shareholders in Sky were supposed to be grateful for a bid from the Murdochs at £10.75 a share? It is. In December 2016, the independent directors, led by Martin Gilbert, declared they had given “full consideration to the fundamental value and prospects” for Sky and, while they remained supremely confident in those prospects, £10.75 in cash was too good to miss.Offers at almost 40% above the previous week’s share price don’t come along often, ran their argument. And, hey, with 21st Century Fox sitting on a 39% stake, Rupert could have cut up rough by offering a 20% premium in an attempt to crawl to a position of majority control. Continue reading...

Выбор редакции
12 июля, 13:48

Rupert Murdoch wins government clearance for Sky takeover

21st Century Fox gets go-ahead to buy the 61% of the business it does not already own The government has finally given Rupert Murdoch clearance to take over Sky as the media mogul mulls a £26bn-plus bid to try to see off rival Comcast.The new culture secretary, Jeremy Wright, has given Murdoch’s 21st Century Fox the green light to buy the 61% of Sky he does not already own after a final consultation on plans to make him sell Sky News to reduce his control of UK news media. Continue reading...

Выбор редакции
12 июля, 02:14

Comcast parries Rupert Murdoch's Sky bid with £26bn offer

Murdoch raised his initial offer to £24.5bn one day before bid clearance by UK governmentComcast has moved swiftly to table a £26bn offer to buy Sky, trumping Rupert Murdoch within hours of the media mogul tabling a new £24.5bn offer.Comcast’s £14.75p a share offer followed Murdoch’s new £14 a share offer valuing Sky at £24.5bn. Continue reading...

Выбор редакции
11 июля, 09:38

Rupert Murdoch ups his offer for takeover of Sky to £24.5bn

21st Century Fox intensifies bidding war, trumping Comcast’s bid of £22bn Rupert Murdoch has upped his offer for Sky to £24.5bn, trumping the offer tabled by rival Comcast and intensifying the bidding war for the broadcaster.The bid worth £14 per share means Murdoch’s 21st Century Fox will have to pay £14.7bn for the 61% of Sky it doesn’t already own. Continue reading...

Выбор редакции
08 июля, 16:13

Rupert Murdoch set to receive clearance in bid for full control of Sky

UK government expected to allow battle between 21st Century Fox and rival ComcastRupert Murdoch is set to finally be given clearance by the government to take over Sky, freeing the media mogul to lodge a new knockout bid to try to see off rival Comcast.The culture secretary, Matt Hancock, will this week give his verdict, allowing Murdoch to buy the 61% of Sky he does not already own after a consultation on plans to make him sell Sky News to reduce his control of UK news media. Continue reading...

Выбор редакции
14 июня, 20:51

Rupert Murdoch will be enjoying the hunt for 21st Century Fox

Wily old operator could push Disney to improve its terms or take Comcast’s pile of cashRupert Murdoch has been lucky – or, more likely, skilful in his timing. He is now sitting on two juicy offers for the best bits of 21st Century Fox – the all-share $55bn (£41m) proposal from Disney, which was agreed six months ago, and now the thumping $65bn cash offer from Comcast.To understand quite how far Comcast is pushing out the boat, look at how much debt the owner of NBCUniversal is prepared to shoulder to get the Fox assets. If the separate offer for Sky in the UK were also to succeed, Comcast would have borrowings of roughly $165bn, an astonishing sum even in a US media market driven to panic by the rise of Netflix. Continue reading...

Выбор редакции
13 июня, 23:24

Comcast launches $65bn bid to steal Murdoch's Fox away from Disney

Comcast’s all-cash offer is 19% higher than Disney’s $52.4bn bid for Murdoch company and comes in week of seismic media changeCable giant Comcast has launched a hostile bid for 21st Century Fox, the media empire controlled by Rupert Murdoch. Related: Lachlan Murdoch ascends as CEO and chairman of new Fox company Continue reading...

Выбор редакции
05 июня, 16:20

Sky takeover: Murdoch must offload Sky News to get green light

UK government conditionally clears Fox and Comcast offers, setting up bidding warThe UK government has cleared the way for Rupert Murdoch’s 21st Century Fox to buy Sky on the condition it sells Sky News to another organisation.It also approved a rival bid for the British broadcaster from US media giant Comcast, setting up a multibillion-pound bidding war. Continue reading...

Выбор редакции
23 мая, 15:35

Comcast prepares to top Disney’s $52bn bid for 21st Century Fox

US pay TV giant, which is mounting separate bid for Sky, says it is in advanced stages of offering all-cash dealComcast has confirmed it is preparing to top Disney’s $52bn (£39bn) bid for 21st Century Fox.The US pay TV giant, which is also mounting a separate £22bn bid to take control of Sky, said it is in the “advanced stages” of preparing an all-cash offer for the entertainment and broadcast assets that Fox has agreed to sell to Disney. Continue reading...

Выбор редакции
21 мая, 15:52

Culture secretary raises Comcast's hopes in battle for Sky

Matt Hancock ‘not minded’ to intervene as TV giant and Rupert Murdoch vie for controlComcast’s £22bn bid to trump Rupert Murdoch in the battle to take control of Sky has been given a boost after the culture secretary said he was unlikely to call for an investigation by the media regulator.Matt Hancock, who has 10 working days to make a final decision on referring the deal to Ofcom, said: “Having reviewed the relevant evidence available, I can confirm that I have today written to the parties to inform them that I am minded not to issue an [intervention notice] on the basis that the proposed merger does not raise concerns in relation to public interest considerations which would meet the threshold for intervention. Continue reading...

Выбор редакции
27 апреля, 12:26

The battle for Sky: what next for Murdoch, Comcast and Disney?

US firm Comcast’s rival bid is expected to spark a complex game of cat and mouseComcast is attempting to outfox Rupert Murdoch’s attempt to take over Sky, by lodging its own bid for the pay-TV group. Meanwhile, Disney is waiting in the wings with a $66bn (£47bn) bid for Murdoch’s 21st Century Fox entertainment business, which includes a 39% stake in Sky. This complex game of cat and mouse involving three global media heavyweights is set to play out over the summer. Continue reading...

Выбор редакции
25 апреля, 13:05

Comcast launches rival £22bn Sky takeover bid

US broadcasting and cable TV firm enters bidding war with Rupert Murdoch’s 21st Century FoxComcast has gatecrashed Rupert Murdoch’s takeover of Sky with a rival £22bn offer, sparking a bidding war for Britain’s biggest pay-TV broadcaster.The media and telecoms company, which owns NBC Universal and is the largest cable operator in the US, has made an all-cash offer of £12.50 a share, a 16% premium on the offer from Murdoch’s 21st Century Fox, which values Sky at about £19bn. Continue reading...

Выбор редакции
03 апреля, 10:28

Disney offers to buy Sky News to ease Murdoch's £11.7bn takeover

Move aims to allay media plurality fears over 21st Century Fox’s takeover of British broadcasterDisney has offered to buy Sky News to help Rupert Murdoch push through his £11.7bn takeover of Sky by allaying fears he will control too much of the UK news media.Murdoch’s bid is being scrutinised by the Competition and Markets Authority (CMA) amid concerns that buying the 61% of Sky his company 21st Century Fox does not already own will give him too much media influence. The Murdoch family also controls News UK, the owner of the Times and the Sun, and the radio station TalkSport. Continue reading...

Выбор редакции
02 апреля, 16:45

Comcast Corporation Stock Is Not Just a Victim of Recent Headlines

The markets are in panic mode, so we shouldn’t be surprised that an “old school” company like Comcast Corporation (NASDAQ:CMCSA) is down in the dumps. Year-to-date, Comcast stock has dropped 17.6%. In this month alone, the broadcasting and cable television company has lost nearly 9%.

30 марта, 16:39

US GDP Revised Up: ETFs to Buy

U.S. economic growth slowdown lower than earlier expected in the fourth quarter, as rising consumer spending offset drags on GDP.

Выбор редакции
30 марта, 03:49

Comcast exec says an AT&T-Time Warner merger would not affect carriage negotiations

One of the Justice Department's own witnesses in its lawsuit to stop AT&T's $85 billion purchase of Time Warner may have done some damage to its case on Thursday, as the witness testified the merger would likely not have an effect on negotiations with distributors to carry Time Warner content.

29 марта, 16:23

Amazon Green Lights Cortes Series, Lifts Digital Media Sales

Amazon.com (AMZN) is constantly expanding its video content and increasing Prime members to further penetrate the streaming market.

Выбор редакции
Выбор редакции
27 марта, 22:27

A Look At Our $38 Price Estimate For Comcast

The media industry is in a transformative phase, as streaming media and live videos on social media take center stage, threatening the traditional pay TV industry. Nevertheless, Comcast was able to grow its cable revenues from $20.5 billion in 2013 to over $23 billion in 2017....