Disney makes offer for Sky News

CREDIT Sky  HBO

European pay TV giant Sky and its 39 percent owner 21st Century Fox have offered to sell the Sky News channel to Walt Disney if that would help address United Kingdom regulators' concerns about Sky News' independence from Fox.

US cable giant Comcast gate crashed the deal in February when it said it would offer 12.50 pounds a share to buy Sky, compared to Fox's 10.75 pounds, although it has not yet made a formal bid.

Twenty-First Century Fox said on April 3 it had proposed either a legal separation of Sky News from Sky or a sale of the news channel to Fox's planned merger partner Walt Disney, in an effort to ease antitrust concerns over its bid for the pay-TV group.

Sky Italia and Mediaset announced a content and distribution deal on Friday, paving the way for a collaboration between the two media groups.

The UK's competition watchdog found in January that the £11.7bn (€13.3bn) deal for Fox to acquire the 61pc of Sky shares it doesn't already own was 'not in the public interest'. The Murdoch family's news outlets are now consumed by almost a third of the UK's population across TV, radio, online and newspapers.

"The big thing we still don't know is what Comcast are going to do about their potential offer for Sky, which in the short term at least has created a market in Sky shares which is far above the price that 21st Century Fox has offered", he explained.

Fox is continuing to work with United Kingdom regulators on finalizing the deal for Sky while also fending off a rival bid from Comcast. "These enhanced remedies went above and beyond what Ofcom, the expert, independent regulator on United Kingdom broadcasting, had stated would mitigate concerns around media plurality", said 21st Century Fox in a statement.

Yankees' home opener against Rays called off because of snow
Out at Yankee Stadium on Monday, we've got a series opener coming between the Tampa Bay Rays and the New York Yankees . The Rays will shift to ace Chris Archer in place of Austin Pruitt , who won Thursday's opener in relief.

Sky News could end up being sold to Disney before the rest of Sky.

The Murdoch family own 39 percent of Sky through 21st Century Fox.

The agency is considering whether to recommend the Fox deal for Sky to Culture Secretary Matt Hancock for approval.

The Sky News proposal would take place regardless of whether that acquisition was successfully concluded, Fox said.

The group, which has a broadband arm serving 29 million U.S. customers, owns NBC and Universal Pictures and wants to seize more than 50 per cent of Sky. Unlike Murdoch, Disney has no meaningful news business in Britain and would therefore pose less of a concern to regulators.

The proposed transaction has however been complicated by a rival £22bn bid for Sky from broadcaster Comcast, owner of NBC and Universal Studios, in February.

Related:

  • Trump congratulates Egypt's Sisi after dubious vote

    Trump congratulates Egypt's Sisi after dubious vote

    Since the campaign was launched, more than 100 jihadists and at least 22 soldiers have been killed, according to official figures. In the 2012 and 2014 elections, images circulated on social media showed one voter who wrote in "My vote is for you, Batman".
    April storm drops wet, heavy snow on NY  and Northeast

    April storm drops wet, heavy snow on NY and Northeast

    Cloud could see between 3 to 4 inches, Brainerd could see 5 to 8 inches and east central Minnesota could see 8 to 10 inches. Another storm rolled in on March 13 and spring kicked off with a storm on March 21 that left behind up to 6 inches of snow.
    Stocks surge as the tech selloff ends

    Stocks surge as the tech selloff ends

    ET, Dow e-minis 1YMc1 were up 75 points, S&P 500 e-minis ESc1 rose 9.25 points and Nasdaq 100 e-minis NQc1 gained 38.5 points. The core 12-month index, which excludes energy and food prices, moved up to 1.6 per cent, its highest level in 10 months.
  • Lavrov says spy poisoning could be 'in interests' of UK gov't

    Lavrov says spy poisoning could be 'in interests' of UK gov't

    He argued that experts have said that such nerve agents could have been made in some 20 countries. Buzhinsky said that Britain and Russian Federation were heading for "a real war".
    For live 'Jesus Christ Superstar,' NBC turns to a Legend

    For live 'Jesus Christ Superstar,' NBC turns to a Legend

    The live musical, which starred John Legend in the title role, averaged a 6.0 rating in Nielsen's metered market households.
    Dates for Ravens offseason workouts, organized team activities are set

    Dates for Ravens offseason workouts, organized team activities are set

    The final four weeks are comprised of a total of 10 days of organized team practice activity, often referred to as " OTAs ". The first portion of the offseason program, which lasts two weeks, includes work in the weight room and the classroom.
  • Moto G6 Shows Up at Fry's With $250 Price, May Launch

    Moto G6 Shows Up at Fry's With $250 Price, May Launch

    Under the hood, the smartphone will be powered by Qualcomm Snapdragon 630 Octa-core chipset with up to 6GB RAM and 64GB storage. These smartphones are also said to feature a facial recognition technology just like many others being launched of late.
    Oklahoma teachers walk out for 2nd day in red-state revolt

    Oklahoma teachers walk out for 2nd day in red-state revolt

    Garringer, who has a 4-year-old daughter, plans to enroll her in Pre-K classes this coming school year. But here's the difference, and it's something we're not supposed to talk about.
    Samsung Galaxy Note 9 coming out early to take on iPhone

    Samsung Galaxy Note 9 coming out early to take on iPhone

    However, it doesn't match the might of 4,000 mAh battery being hosted by the likes of Huawei P20 Pro or Huawei Mate 10. You can also expect the integration of an under-display fingerprint sensor alongside Iris scanner.
  • 1 seeds Kansas, Villanova meet in national semifinal

    1 seeds Kansas, Villanova meet in national semifinal

    They changed the perception of when you say Loyola-Chicago, for men's basketball, they changed that, the perception of it. ... They look confident, prepared, and unphased by anything positive or negative said about them by the press.
    Ten persons killed in hotel building collapse at Indore

    Ten persons killed in hotel building collapse at Indore

    The incident was also captured on a CCTV, the video of which has gone viral on social media. "The deceased include two women". He said the civic body was trying to find out as to how much illegal construction had been done in the premises by its owner.
    Gregg Popovich waiting on Kawhi Leonard's own team of doctors for clearance

    Gregg Popovich waiting on Kawhi Leonard's own team of doctors for clearance

    Leonard, 26, is a two-time All-NBA first-team selection and was named Defensive Player of the Year in 2015 and 2016. The first time came ahead of the February All-Star break, where he spent three weeks nursing his quad injury.

Comments

Latest news

Israeli PM to cancel deal to resettle migrants
A Canadian minister said that Canada was already in contact with UNHCR and Israel about accepting more refugees. A lot of them entered from Egypt several years ago, before a new fence was built along the desert border.

Elizabeth Esty won't seek re-election amid harassment claims
That's when she hired a new chief of staff and instituted mandatory harassment trainings for her staff, the letter states. She also reportedly signed a nondisclosure agreement preventing her from speaking ill of him or discussing why he left.

Kashmir shuts down to protest Shopian encounters
Security personnel were deployed in large numbers in the areas that were civilians were injured in the clashes on Sunday. This raised the death toll in the ongoing massacre by the Indian troops in the occupied territory to 18.

Severe storm threat for St. Louis tonight and tomorrow
New storms will likely develop late morning through early afternoon as a cold front swings through the area. It'll be sunny on Wednesday , but much cooler with high temperatures into the mid to upper 50s.

Trump tweets "DACA is dead" after spending Easter slamming Mexico, Democrats
The Obama administration allowed sign-ups during a set period of time, and the program is closed to new entrants. He said Mexico must "stop the big drug and people flows, or I will stop their cash cow , NAFTA".

UK Labour faces fresh turbulence over anti-Semitism row
It carried the caption: "When you're pictured at Nuremberg and claim you thought you were going to a auto rally". After it was called out as distasteful by many outraged Twitter users, the Apprentice host has since deleted it.

United Kingdom publish evidence from Cambridge Analytica whistleblower
The government, it may be recalled had earlier issued a notice to Cambridge Analytica on March 23 seeking details of the data breach.

Google Pixel Mid-Range Phone May Launch in July in India
The Google Home and Home Mini speakers are controlled by Google Assistant that recently was updated to help Hindi voice orders. Those products will include Google Home speakers, the new Pixelbook , and various one automation products, the sources claim.

China slaps retaliatory tariffs worth US$3b on 128 U.S. imports
Meat producer Tyson Foods (TSN) slumped 6 percent percent, to $68.78 while Hormel (HRL) lost 97 cents, or 2.7 percent, to $33.37. Tech stocks were hit especially hard: Amazon dropped after Trump tweeted the company is "not on a level playing field".

Madikizela-Mandela a 'voice of the voiceless, champion of justice & equality'
During December's ANC conference Winnie Mandela hugs Cyril Ramaphosa and then-President Jacob Zuma, left. "We will miss her". Four years later, she was back in court, facing fraud and theft charges in relation to an elaborate bank loan scheme.

Google URL Shortener Is Shutting Down: What You Must Do
After this period, all links will continue to redirect. "We're excited to grow and improve the product going forward". For example, I purchased the jaduino.me domain and after it was linked with Bit.ly, it became my shortened URL.

King's Row Uprising Event Coming Back to Overwatch
Blizzard is teasing the next Overwatch Uprising event which kicks off on Tuesday, April 10. What do all these clues mean? Overwatch is available now on PC, PS4, and Xbox One.

Russian Federation tests new intercontinental ballistic missile
Russian media claimed at the time that this was in protest of the European Missile Defense Shield being built by the U.S. It comes after the poisoning of a former Russian double agent and his daughter in Britain on March 4.

Stephen Colbert Agrees With Trump About Something, Calls CNN 'Fake News'
The host took a jab at the president for referring to David Schulkin, who recently got sacked by the mogul himself, as "Jim". CNN issued a correction on their website Friday. "Still, it's nice to be recognized, so thank you, MSNBC ", he deadpanned.

Astros Humble Rangers 4-1 In Opener Behind Verlander's Gem
If your office isn't that flexible, or you want to make sure you don't miss a pitch, there are multiple options at your disposal. They added Justin Verlander late in the season to that young talent and put together a championship caliber team.

Other news