Post a Free Blog

Submit A Press Release

Thursday, March 28, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBreaking NewsComcast Murdoch Sky And Why Is Comcast A Good Buy - CWEB.com

Comcast Murdoch Sky And Why Is Comcast A Good Buy – CWEB.com

white-background (29)

Comcast Murdoch Sky And Why Is Comcast A Good Buy – CWEB.com

Comcast is a $184 billion media giant which owns NBC and Universal Pictures.

Comcast said it was offering 12.50 pounds per share significantly higher than Fox’s.

Britain’s competition regulator said in January that Murdoch’s planned takeover should be blocked unless a way was found to prevent him from influencing the network’s news operation, Sky News.

That has complicated a separate $52 billion deal by Disney to buy Fox assets including Sky.

Comcast intends to use Sky as a platform for growth in Europe,” said Comcast CEO Brian Roberts. “We already have a strong presence in London through our NBC Universal international operations, and we intend to maintain Sky’s UK headquarters.”

In a brief reaction to Comcast’s (CMCSA  -5.7%) topping bid for Sky (SKYAY+20.4%), Fox (FOX  -2.9%,  FOXA  -2.6%) says it’s staying the course.

OTCQX:SKYAY  is  up 20.5%  after  news of the £22.1B offer, a 16% premium over Fox’s bid to take over the remainder of Sky — a price differential suggesting Sky investors may be gearing up for a bidding war. Meanwhile:  FOX-1.8%;  FOXA  -1.5%.

Disney (NYSE:DIS), which was set to take over Fox assets including Sky, is also swept up in deal complications and is  down 2.8%.

Comcast excess cash flow most likely to be used for large buybacks.

Comcast shares are cheap on an FCF yield basis.

CWEB Analyst’s have initiated a Buy rating for (NASDAQ:CMCSA) and a Price Target of $99 within 12 months.

Read Full Article and Videos  CWEB.com – Trending News, Blog, Shopping

Chart
CMCSA  data by  YCharts

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Robinhood Gains 3 percent on Credit Card Launch Plans

Robinhood Markets (NASDAQ:HOOD) stock rose more than 3% intra-day...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy...

Nio Shares Drops 6 percent Following Slashed Q1 Delivery Outlook

NIO (NYSE:NIO) shares fell more than 6% intra-day today...

nCino Shares Jump 19 percent Following Q4 Earnings

nCino (NASDAQ:NCNO) shares surged more than 19% intra-day today...