Taxpayers to foot £65m bill from Carillion redundancies September 25, 2018 Taxpayers are set to cough up £65m in redundancy payouts following the collapse of outsourcer giant Carillion. The liquidated construction services company, which bucked under the weight of a £1.5bn debt pile in January, has so far paid out £50m of the total £65m after thousands of workers were made redundant. The figures also [...]
Comcast has built up a 30 per cent Sky stake following its auction showdown with Fox on Saturday September 25, 2018 US media titan Comcast this morning confirmed it had bought 30 per cent of shares in British broadcaster Sky so far after winning a dramatic auction for the company against 21st Century Fox on Saturday. In a note to the market, it confirmed it had purchased 515,885,170 shares at its improved offer price of £17.28 per [...]
Sky shares fly as shareholders prepare to accept Comcast’s £30bn takeover offer ‘immediately’ September 24, 2018 Sky's share price flew up almost nine per cent in early morning trading as it urged investors to accept Comcast’s £30.6bn takeover offer immediately, calling it “an excellent outcome for independent Sky shareholders”. The company’s independent committee backed the offer unanimously this morning, following a bidding war between billionaire Rupert Murdoch’s 21st Century Fox and [...]
Comcast secures victory over Fox to buy Sky for £30.6bn September 23, 2018 In a conclusion to the heated corporate bidding war that lasted almost two years, US cable television provider Comcast outbid 21st Century Fox last night with a total offer of £30.6bn for control of broadcasting giant Sky. The final offer came in at £17.28 per share from Comcast after three rounds of bidding in the UK's largest [...]
Worldpay boss rumoured to be in the hiring line for BT Group September 22, 2018 Britain’s largest telecoms company BT Group is in advanced talks to appoint Worldpay’s outgoing joint chief executive Philip Jansen as its new boss, according to Sky News. Jansen is believed to be the preferred candidate for the role, which opened up in June after BT’s boss Gavin Patterson revealed he would stepping down towards the [...]
Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion September 22, 2018 The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]
Season finale: Sky takeover battle to be decided by dramatic weekend auction September 20, 2018 The stage is set for the hotly-contested battle for Sky to reach a dramatic conclusion when the bidding war is decided at a quick-fire auction on Saturday. Comcast will go head-to-head with Rupert Murdoch’s 21st Century Fox and Fox’s soon-to-be owner Disney in an auction that will price Sky at a minimum of £26bn. The [...]
Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom September 20, 2018 Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]
Sky takeover saga to be decided by auction on Saturday September 20, 2018 The battle between 21st Century Fox and Comcast for media giant Sky will be decided by a three-round auction on Saturday unless a clear winner emerges before then, the Takeover Panel has confirmed. It will go to an auction unless one side submits its "final and best offer" or drops out by 5pm on Saturday, which is [...]
Final countdown: How the thrilling conclusion of the Sky takeover saga could pan out September 19, 2018 A near two-year takeover saga for Sky is approaching a stunning finale this weekend – and the city will be watching on in suspense as it could come to a thrilling conclusion. It's been a long and drawn out affair which started back in December 2016, when 21st century Fox first struck a $14.6bn deal to buy [...]