iWorld

×

Comcast's new offer trumps Fox’s $32.5bn to acquire Sky

Comcast's new offer trumps Fox?s $32.5bn to acquire Sky

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/07/12/sky.jpg?itok=TSlOR6Cx

MUMBAI: The conflicting parties in bidding war to acquire Sky are leaving no stones unturned. Following the $32.5 billion offer from Rupert Murdoch’s 21st Century Fox, US cable giant Comcast also increased its offer valuing Sky at $34 billion. European pay TV group Sky with 20 million subscribers is a lucrative option for both the firms to extend their business in a Netflix-Amazon era.

On Wednesday, Fox increased its offer price to buy 61 per cent of Sky putting pressure on Comcast Corporation. It raised the offer to £24.5 billion ($32.5 billion) topping an earlier offer from Comcast.

Financial Times reported, Sky’s independent committee said Fox's new bid “represents a substantial increase in value relative to the Comcast offer.” Along with that, it would "unanimously recommend” the offer to Sky shareholders.

The regulatory approval for Fox’s deal may come this week while Comcast already received approval from the British government. Fox has been waiting long for the approval to buy the 61 per cent of Sky it does not own already. To resolve the concerns that Fox may create a monopoly in the market, Fox agreed to sell the Sky News operation to Disney once the deal is complete. However, now even if the approval comes Fox needs to raise its offer.

However, the deal is part of a wider battle between Comcast and Disney for control of prized entertainment assets owned by Fox. The tug-of-war includes movie studios, cable channels, National Geographic and a 30 pee cent stake in video website Hulu, as well as Star India.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/hotstar_800.jpg?itok=qGIwCful
Hotstar withdraws as an associate sponsor of IPL

Hotstar, Star India's online streaming platform, has withdrawn as an associate sponsor of the Indian Premier League (IPL).

iWorld Video On Demand
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/Paytm_800.jpg?itok=aaA48s4J
Paytm to offer content, news, short videos & live TV from September

Paytm will offer content, news, short videos and live television from September with an aim to increase its monthly active user base to 250 millions.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/anand.jpg?itok=G0rZnb_8
ZEE5 Global kickstarts its partnership with LuLu in the Middle East with their "Celebrating India" Festival

ZEE5 Global has kickstarted its partnership with LuLu, the top retailer in the Middle East, by powering their bi-annual Indian-themed festival “Celebrating India” rolling out across its stores in the UAE, coinciding with the Indian Independence Day. The week-long festival will highlight food,...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/mxplayer.jpg?itok=adkstlbx
MX Player’s first integrated content partnership proves to be a success

MUMBAI: Carving a niche for themselves in the OTT market, MX Player - India’s largest entertainment platform, believes in curating content that provides ‘Everytainment’ to its viewers. The app which integrates the local media player with a wide library of online content and music on the same...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/Alexa-ALTBalaji.jpeg?itok=4ekS97_r
ALTBalaji’s apharan now available for Amazon Alexa users

MUMBAI: “Kehte hain jaane waale laut kar nahin aate. Galat kehte hain!”, this popular dialogue from Apharan on ALTBalaji is just one of the many reasons why, one of the best suspense thrillers in the Indian OTT space enjoys such a high mass appeal. As massification of OTT grips the nation and the...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/13/snapdeal.jpg?itok=B6YmKrkd
Snapdeal launches Voonik’s apparel on its platform

MUMBAI: Snapdeal, India’s leading value-focused marketplace, has launched over 350 products from the fashion brand Voonik on its platform. The products include bestsellers from apparel and footwear categories, including kurtis, tops, dresses and bottom wear for women, and footwear, T-shirt, shirt...

iWorld Telecom
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/zee5.jpg?itok=bcXG5azV
ZEE5 curates & creates special content this independence day

MUMBAI: This Independence Day, ZEE5, India’s fastest growing OTT platform premieres two original web series– Gondya Ala Re in Marathi and Satyameva Jayate in Bengali. The platform has also acquired rights for the world digital premiere of the critically acclaimed The Tashkent Files. In addition to...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/videotex.jpg?itok=TukOQbz3
ZEE5 partners with Videotex international

MUMBAI: ZEE5, India’s fastest growing OTT platformpartners withVideotex International Pvt. Ltd., one of the largest ODM/OEMs of LED TVs in the country. ZEE5 will now be available onSmart TV brands Daiwa, Shinco&VideotexInternationalassociated customers. This collaboration enables ZEE5 to be pre...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/jio.jpg?itok=5CHn9TVR
Jio and Microsoft announce alliance to accelerate digital transformation in India

MUMBAI: Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

iWorld Broadband

Sign up for our Newsletter

subscribe for latest stories