21st Century Fox Rejected Comcast Offer Over Lack Of Breakup Fee
Its latest trading update showed like-for-like revenue for the nine months to March 31 rose 5% to £10.1 billion, with turnover up 4% in the United Kingdom and Ireland.
The results come at a sensitive time for the FTSE 100 group which is now anticipating a bidding war between Rupert Murdoch's 21st Century Fox and Comcast Corp.
The filing also noted that Comcast didn't offer Fox a breakup fee in the event the deal didn't pass the regulatory hurdle.
Since that time, the deal has remained in the hands of regulators who are due to announce a decision in late June.
Sky has revealed another hike in revenues and profits despite what it called a "challenging consumer environment" and the long-running battle over the broadcasting giant's ownership. Among other assets, Disney bought the 20th Century Fox studio, Hulu, the FX cable network, and stakes in two overseas television-service providers, Sky of Britain and Star of India.
Fox ignored a higher offered it received from Comcast the cable giant located in the US due to concerns over regulatory risk and stock value, showed a filing Wednesday.
Arsenal line up club legend to replace Arsene Wenger
Vieira, who finished his playing days at Manchester City, is now the manager of City's sister club NYCFC over in the MLS. Arsenal, who are 14 points adrift of fourth-placed Tottenham in the Premier League , face West Ham at home on Sunday.
Brutal homecoming for cat who walked 19km to get back to family
Toby's story sparked outrage online, as animal lovers angrily reacted to the family that wanted to have the cat put to sleep. According to the SPCA, Toby was welcomed into a new home with three siblings - two human and one feline.
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Since it broke out in 2011, Syria's war has killed more than 350,000 people and displaced millions more, both internally and to neighbouring countries.
The expectation of a tussle between Fox, which already owns 39.1 per cent of Sky, and Comcast has sent Sky's stock above Comcast's £12.50 per share offer announced in February.
On Thursday, sources said that some interaction has taken place between Comcast and Sky as far as regulator process is concerned.
Fox/Disney and Comcast want to buy Sky to scale up against online groups Netflix Inc and Amazon.com Inc.
"Customers can look forward to an even broader choice of entertainment through our pioneering new partnerships with Netflix and Spotify, together with our new Premier League deal which secures the United Kingdom rights until 2022", he said.
Sky is continuing to make improvements to its products and services as a way to ensure it provided content entertainment that the customer wanted.
Sky's shares rose 0.6 percent to 13.16 pounds at 8:15 a.m.in London, a 5.3 percent premium to Comcast's proposed offer.
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