Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Comcast Corporation    CMCSA

COMCAST CORPORATION (CMCSA)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Comcast says Sky shareholders have until October 6 to accept offer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/12/2018 | 07:25pm CET
The Comcast NBC logo is shown on a building in Los Angeles, California

(Reuters) - Comcast Corp's bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said on Wednesday, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date.

London-based Sky has been at the center of a bidding war, which points to a bigger battle in the entertainment industry as media giants splash out tens of billions of dollars on deals to be able to compete with Netflix Inc and Amazon.com Inc.

Comcast, the world's biggest entertainment group, had countered Rupert Murdoch-controlled Fox's raised offer for Sky in July - within just a few hours - with an offer that valued London-listed Sky at $34 billion.

Nasdaq-listed Comcast said on Wednesday that Sky shareholders now have until Oct. 6 to accept its offer and the valid acceptances rose slightly to 0.29 percent from 0.21 percent reported in August.

Shares in Sky, which is 39 percent owned by Fox, have roughly doubled to 15.45 pounds from the 7.81 pounds they were trading at when Fox offered to buy the rest of the company in December, 2016.

Comcast's current offer, higher than Fox's 14 pound-a-share bid, has been recommended to shareholders by Sky's independent directors.

Fox currently has just ten days from now to trump Comcast's offer for Sky under British takeover rules.

(Reporting by Muvija M and Justin George Varghese in Bengaluru; Editing by Elaine Hardcastle)

Stocks mentioned in the article
ChangeLast1st jan.
COMCAST CORPORATION -0.13% 38.41 Delayed Quote.-3.90%
SKY 0.09% 1727.5 Delayed Quote.70.70%
TWENTY-FIRST CENTURY FOX -0.50% 48.02 Delayed Quote.39.79%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMCAST CORPORATION
05:04pCOMCAST : Joey Logano Named 2018 Comcast Community Champion Of The Year
PU
11/15COMCAST : NBCUniversal Contributes $1.1 Million in Cash and In-Kind Support for ..
BU
11/15COMCAST : Announces Agreements with Two New African American Majority Owned Inde..
PU
11/15COMCAST : New Security Camera Features Help Consumers Spot Package Theft 'Grinch..
PU
11/15COMCAST : New Security Camera Features Help Consumers Spot Package Theft “..
BU
11/13COMCAST : U.S. antitrust chief says evidence, not tweets, drives decision-making
RE
11/13FIRST LOOK : Universal’s Endless Summer Resort – Surfside Inn and Su..
PU
11/12COMCAST : Hosts Special Event in Portland to Help Close the Digital Divide for L..
BU
11/12U.S. movie theater chains fear Justice Department review may hit profits
RE
11/10COMCAST : Provides Free Internet and Video Services at Evacuation Centers and CA..
BU
More news
News from SeekingAlpha
11:59a'Safer' Dividend Comm Service WallStars Shine For November 
11/15Tracking Gardner Russo & Gardner Portfolio - Q3 2018 Update 
11/13DOJ's Delrahim speaks on antitrust approach in age of mergers 
11/13REPORT : Fox, Comcast skip bids for Fox regional sports nets 
11/13ClearBridge All Cap Growth Strategy Portfolio Manager Commentary Q3 2018 
Financials ($)
Sales 2018 94 323 M
EBIT 2018 19 713 M
Net income 2018 12 045 M
Debt 2018 97 431 M
Yield 2018 1,97%
P/E ratio 2018 14,80
P/E ratio 2019 13,87
EV / Sales 2018 2,89x
EV / Sales 2019 2,40x
Capitalization 175 B
Chart COMCAST CORPORATION
Duration : Period :
Comcast Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMCAST CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 43,9 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer & Senior Executive VP
Kenneth J. Bacon Independent Director
Sheldon M. Bonovitz Director
Jeffrey A. Honickman Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
COMCAST CORPORATION-3.90%175 110
WALT DISNEY COMPANY (THE)8.94%174 171
LIBERTY SIRIUS XM GROUP2.67%22 004
LIBERTY MEDIA FORMULA ONE-5.81%22 004
CBS CORPORATION-3.46%21 436
RTL GROUP S.A.0.00%9 205