Does Netflix Favor Disney Or Comcast To Win Fox? 07/13/2018

The Sky logo is seen at the company's UK headquarters in west Lond

The Sky logo is seen at the company's UK headquarters in west Lond

Sky's independent directors have recommended the Comcast offer.

Walt Disney is bidding to buy a major chunk of Fox assets including its stake in Sky, and recently raised its bid to 38 U.S. dollars per share (£28.94), valuing the deal at around 71.3 billion USA dollars (£54.3 billion).

Comcast expects to pay its advisers between 203 million pounds and 243 million pounds in total for their work on the Sky bid, the US group estimated in its formal offer document for the British company on Friday. Netflix and Amazon Prime however, are really starting to eat into Sky's market by offering streaming content at much cheaper prices.

Now this ruling could be made completely obsolete anyway, as Fox themselves are planning to up their bid for the Sky shares shortly anyway, in an effort to once again outbid Comcast. Some shareholders are looking for 16 pounds per share for Sky. He said he did not think the move would have an impact on Disney's bid for 21 Century Fox's assets but could have an impact on Comcast's rival bid.

Netflix isn't going anywhere regardless of what Disney does, but if Disney is successful in acquiring the assets from 21st Century Fox, it will definitely be in a ideal spot to challenge them as a top platform.

Comcast said it has committed financing available to satisfy the full cash consideration payable to Sky shareholders. During their review of the deal that acceptance came down to eight factors, one of which was the U.S. Department of Justice's "apparent sensitivity to the potential anti-competitive effects of vertical integration" according to Fox's filing. On Wall Street, Comcast rose 2.3 percent and Fox fell 0.9 percent.

Larry Page funded company unveils BlackFly personal aircraft
Opener CEO Marcus Leng hopes that the BlackFly flying auto will be ready to go on sale as soon as next year. The dream of flight , which was so hard and expensive to obtain, will soon be within the reach of millions.

And earlier this year, Disney created a direct-to-consumer and worldwide unit.

Fox said the performance of Sky since 2016 justified its new bid. Fox has countered this yesterday, only for Comcast to further increase it's offer today. Comcast expects to complete the acquisition before the end of October 2018.

The standoff pits the industry's biggest names against each other, with Mr. Roberts, the Murdoch family and Disney's Bob Iger engaged in a multibillion-dollar game of chess to reshape the global entertainment business.

Analysts at Jefferies said they thought Comcast, if required, could yet offer more. The Sky value set by the panel would effectively set a floor price for the current bidding for the pay-TV company. At the same time, Comcast and Disney are vying to buy the bulk of Fox's film and TV assets, including its Sky stake.

The bidding war, even during deliberation has intensified.

"We continue to believe that if Comcast really wants to own Sky, their best way to do it is by acquiring the Fox assets - victor takes-all was always the scenario that appeared most likely to us".

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