Sunday, 20 October, 2019

Fox rejected an offer from Comcast before Disney buyout: filing

The logo of the Disney store on the Champs Elysee is seen in Paris France The logo of the Disney store on the Champs Elysee is seen in Paris France
Russell Knight | 19 April, 2018, 15:48

Sky, the pay-TV group at the centre of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival USA entertainment groups who want to expand in Europe.

"It's been a good quarter for Sky", said chief executive Jeremy Darroch.

Sky said it added 38,000 subscribers taking its full customer base to nearly 23 million households.

Its latest trading update showed like-for-like revenue for the nine months to March 31 rose 5% to £10.1 billion, with turnover up 4% in the United Kingdom and Ireland.

Sky PLC (LON:SKY) reported a 5% increase in quarterly like-for-like revenue ahead of an expected bidding war between 21 Century Fox (NASDAQ:FOXA) and Comcast Corp (NASDAQ:CMCSA) for the British broadcaster.

Sky's results come with the Competition and Markets Authority now reviewing 21st Century Fox's offer for the FTSE 100 company.

Devin Hester, Matt Forte to sign 1-day deals, retire as Bears
Forte proved to be an immediate steal after the Bears selected him with the 44th overall pick in the 2008 NFL Draft. Forte ranks second on the Bears' all-time list with 8,602 rushing yards, behind only Hall of Famer Walter Payton.

O'Neill in London for Commonwealth meet
It takes place at a time when Britain is looking to create new relations with the Commonwealth post BREXIT . They will join another reception of the Commonwealth Secretary General at St James Palace in the afternoon.

Trial of men accused in Somali immigrant bomb plot nears end
Defense attorneys have said the Federal Bureau of Investigation set the men up and that any talk about violence wasn't serious. Kari Schmidt, Wright's defense attorney, added: "In America, we don't imprison people for their thoughts and words".

Fox spurned a higher offer from USA cable giant Comcast over concerns about regulatory risk and its stock value, a filing showed on Wednesday. Meanwhile, Fox in December agreed to sell large parts of its empire, including its Sky stake, to Walt Disney for $52.4 billion.

After losing its battle, Comcast announced that it was considering making another offer to buy Sky, valuing it at $31 billion and exceeding the offer Fox agreed to.

Underlying earnings rose 10% to £1.7bn as growth in Italy and the United Kingdom and Ireland offset a decline in Germany and Austria where the group invested in expanding its products and services, broadening its content offering and improving its front-line customer service.

Darroch said on Thursday there had been some interaction between Sky and Comcast in terms of the regulatory process.

It is set to launch its own streaming service Spotify in its Sky Q platform in less than a week, and will be offering Netflix in its package for Britain prior to the end of 2018.

Recommended

  • Cat Walks 12 Miles Back to Family That Doesn't Want Him

    Cat Walks 12 Miles Back to Family That Doesn't Want Him

    Toby is a 7-year-old medium hair orange and white Maine Coon cat, a breed known for long fur that sticks out of its ears and paws. The shelter shared Toby's story on its Facebook page, and the post was shared more than 1,000 times.
    Syria War Situation to Remain Unchanged Despite Air Strikes

    Syria War Situation to Remain Unchanged Despite Air Strikes

    After he was revived, he returned to the shelter and found his wife and daughters dead, with foam coming from their mouths. Corbyn said May should remember she "is accountable to this Parliament, not to the whims of the U.S. president".

    Find Out All Important Details of: Exxon Mobil Corporation (NYSE:XOM)

    It fall, as 48 investors sold XOM shares while 819 reduced holdings. 603 increased holdings while 123 funds acquired holdings. ANALYSTS VIEW: The current analyst consensus rating clocked at 2.7 on company shares based on data provided from FINVIZ .
  • Yarmouth Police K-9 Nero returns home after partners funeral

    Yarmouth Police K-9 Nero returns home after partners funeral

    "There was no charge for rooms at the Irish Village", Officer Charles Tramontana said of the South Yarmouth resort. The fallen officer's mother also reminded the pastor of something he once said.
    Twitter Ablaze Over Minister Claiming Ancient India Invented Internet

    Twitter Ablaze Over Minister Claiming Ancient India Invented Internet

    The claim did not go down well with some social media users, as they took to micro-blogging site Twitter, to express their displeasure.
    The Procter & Gamble Company

    The Procter & Gamble Company

    The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.96% in The Procter & Gamble Company ( NYSE :PG). The ratio improved due to PG positioning: 64 sold and 740 reduced. 118 funds acquired positions and 594 increased positions.
  • Qualcomm reportedly begins layoffs to cut $1B in costs

    Qualcomm reportedly begins layoffs to cut $1B in costs

    It is also understood that the layoffs will not just happen in California, but also in other locations where Qualcomm operates. Apple and its manufacturer are reportedly not making royalty payments to Qualcomm, which has affected company's earnings.
    Plastic straws could to be banned by 2019

    Plastic straws could to be banned by 2019

    She also reinforced the commitment of the other attendees at the Commonwealth Heads of Government Meeting to tackle the problem. The move is a major step in the Government drive to stop plastic waste filling the world's oceans devastating marine life.
    Iran quake : Huge natural disaster  strikes near NUCLEAR POWER PLANT

    Iran quake : Huge natural disaster strikes near NUCLEAR POWER PLANT

    The temblor struck at about 11 a.m. local time near Kaki at the depth of 18 kilometeres below earth's surface. Bushehr has survived earthquakes in the past, and was built to withstand tremors in earthquake-prone Iran.
  • PUBG to get map selection option via upcoming update

    PUBG to get map selection option via upcoming update

    One hit by a bomb instantly takes players out of the game and the makes that illusive chicken dinner treat out of reach.
    Hancock Holding Company Increased Stake in Wal Mart Stores INC (WMT)

    Hancock Holding Company Increased Stake in Wal Mart Stores INC (WMT)

    Goldman Sachs reissued a "buy" rating and issued a $113.00 price target on shares of Walmart in a report on Friday, February 16th. Gradient Investments LLC acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $155,000.
    Call of Duty's new Alexa skill uses AI to offer personalised training

    Call of Duty's new Alexa skill uses AI to offer personalised training

    Welcome to the VB PC Gaming Community! Three separate videos breaking down how the new Skill will work can be found below. Starting today, Call of Duty®: WWII players will have an additional ally on their side with theCall of Duty Alexa Skill.

Liverpool reveal 2018/19 home kit Liverpool reveal 2018/19 home kit The new kit is a "red pepper" colour - the same as this season's, which the club say is the most popular in the Reds' history. After all, Liverpool Football Club is like no other.

European Union says U.S. tariffs distorting global trade European Union  says U.S.  tariffs distorting global trade Some others on the original list of targeted partners by the U.S. , such as Canada, Mexico, the EU, Australia, Argentina and South Korea , have got a reprieve.

Comcast (CMCSA) Shares Sold by Cornerstone Capital Management Holdings LLC The stock of Comcast Corporation (NASDAQ: CMCSA ) earned "Outperform" rating by Telsey Advisory Group on Friday, August 19. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

Atletico clash absolutely vital to Arsenal's season, admits Wenger Nigeria can get to the quarterfinal of World Cup - Ex-Super Eagles star Etim Esin. I rested most players after the (CSKA) Moscow game and they will need a game".

Poloz Holds Rates, Sees More Room for Canada's Economy to Grow Poloz Holds Rates, Sees More Room for Canada's Economy to Grow Two of these sources of uncertainty - inflation and wage growth - were highlighted as areas showing particular progress. Exports and investment to build capacity are being held back by competitiveness challenges and trade worries.

Enyimba lands in group stage — CAF Confed Cup Enyimba lands in group stage — CAF Confed Cup In Mali, MFM drew goalless with Djoliba to exit the competition on a 1-0 deficit following its loss in the first leg in Lagos. Akwa United were unable to score a fourth as they crashed out 3-3 on aggregate.

Moneysupermarket.com (LON:MONY) Given Buy Rating at Peel Hunt It also offers finance, management, procurement, transportation, marketing, shipping, barging, and port services. Since October 26, 2017 according to StockzIntelligence Inc Alumasc Group PLC has 6 analyst reports.

Texas Instruments (NASDAQ:TXN) Now Covered by Analysts at Longbow Research State Of Alaska Department Of Revenue holds 0.51% of its capital in Texas Instruments Incorporated (NASDAQ: TXN ) for 203,552 shs. Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period.

Former BU Student Racially Profiled At Philadelphia Starbucks Former BU Student Racially Profiled At Philadelphia Starbucks Listen to the call and radio dispatches here: The arrests last week sparked protests and calls for a boycott on social media. Gauda and other corporate communications experts said they were impressed with Johnson's hands-on approach to the crisis.

Top Japanese Official Resigns Over Sexual-Harassment Allegations Top Japanese Official Resigns Over Sexual-Harassment Allegations She claims Yamaguchi raped her in a hotel room in 2015 after they had met for a meal and drinks to discuss a job opportunity. Victims are often reluctant to speak out for fear of being blamed.

Resignation of judge who acquitted Mecca Masjid blast accused rejected Resignation of judge who acquitted Mecca Masjid blast accused rejected As many as nine persons died in the blast and another five in the subsequent firing by the police to control violent protests by the mob.

SC refused probe in judge Loya death dismissed all PIL's Loya allegedly died of a cardiac arrest while in Nagpur in Maharashtra on December 1, 2014 when he was attending a wedding there. The case includes the alleged killing of his wife Kausar BI and their associate Tulsiram Prajapati.

Freeport-McMoRan Inc (FCX) Shares Rating Restated by Royal Bank of Canada Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. At the close of regular trading, its last week's stock price volatility was 7.55% which for the month reaches 6.88%.

NBA Playoffs 2018: Houston Rockets vs Minnesota Timberwolves Game 2 NBA Playoffs 2018: Houston Rockets vs Minnesota Timberwolves Game 2 Harden followed with a driving bank shot off the glass, a layup and a pair of 3-pointers to push the Rockets to a 97-88 lead. Game 2 went far worse for Towns going 2-for-9 from the field for just five points and 10 rebounds in 24 minutes.

Which ridiculous Kardashian baby name are you — QUIZ TIME Which ridiculous Kardashian baby name are you — QUIZ TIME Her family is reportedly livid at the National Basketball Association player, and all of them is urging her to leave him. Anyway, that really got us thinking about how ridiculous some of the Kardashian clan's baby names are.