Comcast's acquisition of Sky; Insights & views
Tom Paine
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'“The price being paid for Sky is shocking, but it is a clear sign that legacy media companies are desperate for scale in a world dominated by tech platform giants,” said Richard Greenfield, technology and media analyst at research firm BTIG.'
"Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers."
https://www.reuters.com/article/us-sky-m-a-comcast/comcast-demonstrates-sky-high-ambition-in-global-media-shake-up-idUSKCN1M30R9
"The bigger picture: Fox still owns a 39% minority in Sky, which will go to the Walt Disney Company upon the completion of its acquisition of Fox's entertainment assets. Disney could potentially sell its minority stake to Comcast."
https://www.axios.com/comcast-prevails-fox-settlement-auction-sky-0ae9ca28-09b9-440c-9e7e-70f5272c49c9.html
Step 1: See if Fox tenders its Sky stake
— Alex Sherman (@sherman4949) September 23, 2018
Step 2: Figure out what to do about Hulu
Story: https://t.co/lXrilXrBXm
Heard on the Street: Comcast may have deliberately paid up for Sky to preempt a potential battle with hedge funds https://t.co/Skr9V0Arb0
— The Wall Street Journal (@WSJ) September 23, 2018
UK's Sky to invest in Israeli VC fund and open Berlin office https://t.co/ZBXHRU69Oy
— tom paine (@phillytechnews) September 22, 2018
"Crucially for Comcast, Sky has a growing video-streaming business. Roberts has said he was “terribly impressed” with Sky’s market-leading Q box platform, which is also a rich source of data on customer viewing behavior. Comcast estimates that owning Sky will create $500 million in synergies, partly through selling Sky content in the U.S. and NBC programming in Europe."
https://www.bloomberg.com/news/articles/2018-09-22/comcast-muscles-fox-aside-with-39-billion-offer-for-sky
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