Comcast is still waiting for further relaunches and is setting a new deadline for Sky’s shareholders to participate in the offer.
Comcast has decided to extend the acceptance period for the UK operator Sky‘s £25.9 billion cash offer until 12 September. The group, led by Brian L. Roberts, received by the first deadline (22 August 2018) subscriptions for approximately 3.84 million shares in Sky, thus extending the subscription period until 12 September 2018.
Now Comcast’s offer for Sky is £14.75 per share, while Fox‘s offer is £14 per share for 61% of Sky not yet in its possession.
Fox had already launched its offer to consolidate Sky’s ownership in December 2016, but the agreement had been blocked by the UK regulators. For its part, Comcast, which had previously been in the running for the acquisition of all the assets of Fox, announced at the end of July that it did not intend to continue offering the assets owned by Rupert Murdoch, to concentrate solely on the Sky satellite group.
