Stock market quotes, forex, financial news, forex tools – money-investing.com

Who will get the European TV market?

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
Who will get the European TV market?
July 10
09:00 2018

21st century Fox showed determination in the intention to acquire a British media company Sky Plc, increasing its offer to 24.5 billion pounds. It is ready to pay 14 pounds per share. Apparently, the American media giant does not want to limit itself to the share of the world market that it currently has and wants to extend its influence.

This proposal is one-third more than the sum it gave in December. Then Fox offered about 11 pounds per share. The company wants to go faster than its competitor Comcast that offers 22 billion pounds for Sky.

Fox has already had a stake in Sky. It owns 39% of the shares and intends to buy back the remaining package. The only obstacle may be the decision of the British regulator. The authorities have already made it clear that they will not oppose the deal. However, they have a condition. They do not want to give the whole market. The American company has to sell the news unit Sky News.

The stake of Fox and specifically Sky News is a tidbit for another American corporation – Walt Disney. However, Comcast also did not quit the game and continues to compete with Disney for Fox’s assets.

21st Century Fox owns one of Hollywood’s largest studios and channels such as Fox and the National Geographic, which are popular all over the world.

Sky is a leading pay TV operator in the largest countries of Europe, such as Germany, Italy, Great Britain, Ireland and Austria.

What will be the end of the parties’ friction is not clear yet, but the winner will receive a very large piece of cake in the European television broadcast and business in general.

 

The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment