Comcast's $31B Sky bid seeing greased regulator skids in UK [Seeking Alpha]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Seeking Alpha
Comcast's $31B Sky bid seeing greased regulator skids in UKComcast (CMCSA+0.9%) is seeingone less hurdle for a $31B takeover of Sky (SKYAY+0.6%), with the UK's culture secretary saying regulators aren't likely to have a problem with the deal.Matt Hancock, the UK secretary of State for Digital, Culture, Media and Sport, says he doesn't expect to intervene since the proposed deal "does not raise concerns in relation to public interest considerations which would meet the threshold for intervention.”Interested parties have until 5 p.m. Thursday to submit statements and Hancock says he'll come to a final decision shortly.The deal's at the crossroads of a few others: The Comcast-Sky bid comes directly in the middle of Fox's (FOX+1.5%,FOXA+1.4%) own bid for the 61% of Sky it doesn't already own, and complicates Disney's (DIS+0.7%) bid for Fox's media assets (and possible separate bid for Sky).A decision favoring AT&T (T+0.5%) in its Time Warner (TWX+0.1%) bid would likely strengthen Comcast'
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News
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Earnings
- 1/24/24 - Miss
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Sec Filings
- 4/16/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/4/24 - Form ARS
- T's page on the SEC website