Warren Buffett says Berkshire is reversing course on airlines In Shanghai, Tesla to build 4,000 Model 3s/week by mid-2020 Българка събира световни светила в инвестициите в oнлайн събитие China’s ‘rice bowls’ cracking as big home appliance maker speeds up job cuts Българският бизнес и бизнесът на ОАЕ се обединяват в борбата срещу коронавируса Prime Minister Boris Johnson tests positive US eyes new outbreaks as infections worldwide top 575,000 World Health Organization believes it’s too early to introduce STRICT quarantine in Russia, Kremlin agrees

Sky profits up as the battle over ownership continues

      Published on Sunday, 29 July , 2018      237 Views     
Sky profits up as the battle over ownership continues

  • UK Business

Sky has reported pre-tax profits up 7.5% over the past twelve months to the end of June and added more than 500,000 customers across Europe.

The positive results will whet the appetites of US cable giant Comcast and entertainment group Disney.

| Bulgarian Business Club Sponsored Articles Network Advertise here

Both are hoping to win control of the UK-based news-to-sport provider.

Currently, Comcast is leading the race to buy Sky, with a bid that values the group at £26bn.

Sky is 39% owned by Twentieth Century Fox, the media group controlled by Australian media mogul Rupert Murdoch.

Fox has agreed to sell its entertainment assets to Disney, including its stake in Sky, and has entered into a bidding war with Comcast to purchase the 61% of Sky it doesn’t yet own.

Sky has nearly 23 million pay-TV subscribers in the UK and Ireland, Italy, Austria and Germany and would give Comcast a major foothold in the European market.

With broadcasters under increasing pressure from streaming platforms such as Netflix and Amazon, Sky is an attractive target with its range of exclusive deals for Premier League football as well as dramas such as Games of Thrones.

Category UK Business | 2018/07/29 latest update at 8:00 PM
Source : BBC | Photocredit : Google
Comments Add comment

Popular articles

Bulgarian Business Club
Related Articles
The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.

Sponsored Publications