Sky News: Polgyon pushes for £13.00 a share; Daily Mail/CBNC say Comcast is preparing a counter for Sky - part 3

Tuesday, 27 February 2018, 8:05 am

So, the London market is buzzing as Comcast has made a £22 billion counterbid for Sky pitched at £12.50 a share.

Hat tip to the CNBC and Matt Oliver of the Daily Mail who both broke the story of a potential counterbid from Comcast for Sky back in early December last year. I have pasted a link to the Daily Mail's story below:

Bruno Burki of Square Global Markets also deserves a little credit after telling Betaville that executives from Comcast have been accessing his research on the procedural complexities of 21st Century Fox's takeover of Sky, which is I guesss was a rather large hint that the US media giant was looking at stepping in.

Meanwhile, Polygon will be pleased as punch after launching an activist campaign to get 21st Century Fox to raise its offer for Sky to £13.00. That appears a certainty now...


[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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