Fox, Comcast bid for Sky in rare auction

September 22, 2018

Comcast and 21st Century Fox are contenders for the highest bid for European broadcaster Sky.

The two companies are competing Saturday in a rare to determine which bid for Sky is the highest. The three-round auction began Friday after the London stock market closed.

Britain's regulator, the Takeover Panel, set up the auction to put an end to months of offers and counteroffers from the American media companies, who want to expand business in Europe.

Sky is Europe's largest pay-television operator, with 23 million customers in seven countries. It broadcasts popular programs including English Premier League soccer and "Game of Thrones."

Fox already owns 39 percent of Sky, but has long sought to control the .

Sky shareholders will still have to approve the winner's bid.

Explore further: Fox-Comcast battle to buy Sky to be settled by auction in UK

Related Stories

Fox-Comcast battle to buy Sky to be settled by auction in UK

September 20, 2018

Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a foothold in ...

Titanic battle for Sky culminates in auction

September 22, 2018

A titanic takeover battle for European TV operator Sky between Rupert Murdoch's 21st Century Fox and US cable giant Comcast culminates Saturday in a rare blind auction.

UK clears way for 21st Century Fox to buy Sky

July 12, 2018

Britain on Thursday cleared the way for Rupert Murdoch's 21st Century Fox to take full control of pan-European TV giant Sky after Fox agreed to address media plurality concerns.

Recommended for you

Pushing lithium ion batteries to the next performance level

December 13, 2018

Conventional lithium ion batteries, such as those widely used in smartphones and notebooks, have reached performance limits. Materials chemist Freddy Kleitz from the Faculty of Chemistry of the University of Vienna and international ...

Uber filed paperwork for IPO: report

December 8, 2018

Ride-share company Uber quietly filed paperwork this week for its initial public offering, the Wall Street Journal reported late Friday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.