Comcast wins Sky auction with $40 billion bid, stock tanks early
PHILADELPHIA/LONDON (Heartland Newsfeed) -- Comcast shares fell 6 percent, despite falling as low as 8 percent, Monday following the announcement that they had won the bidding war for British media giant Sky, redrawing the global media landscape. Comcast was in a bidding battle with 21st Century Fox and Disney, ending with a $40.13 billion final bid, amounting to $22.66 per share compared to the Fox/Disney bid at $20.55 per share when the three companies were inquired of their best offer […]
