Comcast’s stock price has taken a hit during the past month since the cable giant confirmed its intention to mount a $31 billion bid for majority control of Sky, the European satellite TV provider that was expected to be part of Disney’s acquisition of key 21st Century Fox assets.
But on Thursday Wall Street seemed to cheer the idea of Comcast moving deeper into a bidding war with Disney over Sky and possibly all of the Fox assets included in the $52.4 billion deal that Fox and Disney clinched on Dec. 14. Comcast shares were up 2.7% in trading Thursday, closing at $31.56, amid a swirl of headlines about steps Comcast is taking to build a war chest for an all-cash offer for the 21st Century Fox assets that could reach $60 billion or more. Comcast shares fell nearly 12% from early March when the company affirmed its intention regarding Sky.
The Financial Times reported...
But on Thursday Wall Street seemed to cheer the idea of Comcast moving deeper into a bidding war with Disney over Sky and possibly all of the Fox assets included in the $52.4 billion deal that Fox and Disney clinched on Dec. 14. Comcast shares were up 2.7% in trading Thursday, closing at $31.56, amid a swirl of headlines about steps Comcast is taking to build a war chest for an all-cash offer for the 21st Century Fox assets that could reach $60 billion or more. Comcast shares fell nearly 12% from early March when the company affirmed its intention regarding Sky.
The Financial Times reported...
- 5/10/2018
- by Cynthia Littleton
- Variety Film + TV
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