Wednesday, August 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Trendforce Confirms New iPhone Launch This Fall, Including a Budget Version
NVIDIA Unveils Turing Architecture, Quadro RTX Ray-Tracing GPU
AMD Says New 2nd Generation, 32-core AMD Ryzen Threadripper Processors Break Boundaries of High-End Desktop Market
HyperX Announces the HyperX Gaming microSD Cards
Fraunhofer Scientists Find Dangerous Security Holes in Tracker Apps
Samsung Announces New SmartThings Mesh Wi-Fi System
Google Tracks Your Movements No Matter What
iPhone 9 Will Feature Apple's New LCD Display Bezel Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Comcast...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 19, 2018
Comcast Won't Pursuit Fox assets, Focuses on Sky Offer


Comcast Corp. said it dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc. on Thursday and will focus on its offer for European pay-TV group Sky Plc.

"Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and instead will focus on our recommended offer for Sky," the company said on Thursday.

Disney fended off Comcast's $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock. Fox shareholders scheduled to vote on the Disney deal on July 27.

Comcast dropped its bid for the Fox assets because of concerns about price, divestitures it might be required to make to complete the deal and the impact on the value of its bid for Sky, according to Reuters.

The cable operator will now focus on the $34 billion offer to acquire 61 percent of Sky. Fox, which owns 39 percent of Sky, has been also seeking to acquire the majority stake.



Previous
Next
Cloud Services Keep Boosting Microsoft's Revenue        All News        EU to Probe Qualcomm Over Pricing Case
Cloud Services Keep Boosting Microsoft's Revenue     General Computing News      TSMC Cuts Sales, Spending Outlook

Get RSS feed Easy Print E-Mail this Message

Related News
Comcast Makes $65 billion to buy Fox Media Assets
LG Joins the Xfinity TV Partner Program
Comcast Launches New Network and System Managing Platform for Businesses
Comcast, Charter Announce Partnership, New WiFi service
Comcast Introduces Xfinity Mobile
ISPs Assure Users They Won't Take Advantage Of New Internet Privacy Landscape
Comcast Announces New 'Watchable' Video Streaming Service
Comcast Releases Streaming Services For $15 a Month
Comcast Abandons Time Warner Cable Acquisition Bid
Comcast Offers Cloud TV In San Franscisco
Comcast May Start Streaming EA Games to TVs Soon
Netflix To Use Comcast For Faster Broadband Access

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .