The battle to seize control of Sky will be settled in a quick-fire auction finishing on Saturday night, with 21st Century Fox and Comcast slugging it out in a weekend bidding war.
The FTSE 100 enjoyed another day in positive territory on Thursday as it took its cue from across the pond, where US markets hit record highs.
The long-running bidding battle for Sky will be decided in a quick-fire auction finishing on Saturday night, Britain’s Takeover Panel has announced.
The long-running takeover battle for Sky could end up going to a sealed bids auction if Comcast and Rupert Murdoch’s 21st Century Fox do not give their final offers by the end of next week.
Pay TV giant Sky has reported a 7% rebound in annual earnings and cheered its global appeal as it remains at the centre of a takeover battle between suitors 21st Century Fox and Comcast.
Sky is expected to report a rebound in full-year profits this week, helping to maintain its appeal as a takeover target as 21st Century Fox and Comcast continue their bidding war.
US cable giant Comcast has dropped plans to bid for Rupert Murdoch’s 21st Century Fox assets, with plans to focus solely on a £26 billion takeover of UK broadcaster Sky.
Rupert Murdoch’s 21st Century Fox has been given the Government’s all-clear to take over Sky but faces a battle to see off rival suitor Comcast after it upped its bid.
The battle to seize control of Sky has thrust the pay TV giant to the centre of a global tussle between media giants Walt Disney and Comcast.
Rupert Murdoch’s 21st Century Fox has turned up the heat in the battle to take over Sky after trumping rival Comcast with a higher bid worth £24.5 billion.
Rupert Murdoch’s 21st Century Fox has hiked its bid to take full control of Sky to £14 a share as it looks to beat rival suitor Comcast in the battle for the pay TV giant.