Comcast outbids Fox with $40 billion winning offer for Sky


LONDON Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group. | Video

Fox plans to concede defeat in Sky battle, review stake: source 8:42am IST

LONDON Rupert Murdoch's Twenty-First Century Fox expects Sky's independent directors to recommend Comcast's $39 billion bid, after which Fox will concede defeat in the battle for the British broadcaster, a source with knowledge of the matter told Reuters.

Sky's independent directors recommend Comcast offer 8:54am IST

LONDON The independent directors of Sky backed Comcast's offer for the pay-TV group on Saturday after a rare auction that saw the U.S. cable company defeat Rupert Murdoch's Twenty-First Century Fox.

Henkel says looking at M&A, no comment on Nestle-Boersen-Zeitung 22 Sep 2018

FRANKFURT German consumer goods group Henkel is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle's skin health unit that was put up for sale earlier this week.

Rare auction showdown could decide fate of broadcaster Sky 20 Sep 2018

LONDON A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.

Emirates, Etihad airlines deny report they may merge 20 Sep 2018

DUBAI State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world's largest carrier.

Naspers frees cash-rich Multichoice to take on Netflix & co 19 Sep 2018

JOHANNESBURG South African media and e-commerce group Naspers' plan to spin off Multichoice, Africa's biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services.

Exclusive: Nestle, Unilever, Coke make bids in $4 billion-plus GSK India sale - sources 18 Sep 2018

LONDON Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said.

Marsh & McLennan to pay $5.7 billion for British insurance broker JLT 18 Sep 2018

Marsh & McLennan Cos Inc has agreed to buy British rival Jardine Lloyd Thompson for $5.7 billion as the world's biggest insurance broker looks to expand its global presence and increase its focus on faster-growing niche insurance areas.

Uber in talks to buy food delivery firm Deliveroo - Bloomberg 21 Sep 2018

Ride-hailing company Uber Technologies Inc is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. | Video