Edition:
United Kingdom

Sky PLC (SKYB.L)

SKYB.L on London Stock Exchange

1,009.00GBp
15 Dec 2017
Change (% chg)

19.00 (+1.92%)
Prev Close
990.00
Open
995.00
Day's High
1,012.00
Day's Low
992.50
Volume
9,453,928
Avg. Vol
5,714,391
52-wk High
1,023.00
52-wk Low
822.50

Latest Key Developments (Source: Significant Developments)

Sky Plc Sees Fox Deal To Close By June 30, 2018​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Sky Plc ::RESPONSE TO ANNOUNCEMENT MADE BY 21CF AND DISNEY​.‍SKY NOTES TODAY'S ANNOUNCEMENT BY 21CF AND DISNEY REGARDING DISNEY'S AGREEMENT TO ACQUIRE 21CF​.‍ANTICIPATED THAT 21ST CENTURY FOX WILL SEEK TO COMPLETE ITS PLANNED ACQUISITION OF 61% OF SKY IT DOESN'T ALREADY OWN​.REMAINS IN AN OFFER PERIOD AND, TOGETHER WITH 21CF, IS BOUND BY ITS OFFER ANNOUNCEMENT.NOTES THAT 21CF'S CURRENT OFFER IS NOT CONDITIONAL ON COMPLETION OF DISNEY TRANSACTION.‍ANTICIPATES THAT, SUBJECT TO NECESSARY REGULATORY CONSENTS, FOX TRANSACTION WILL CLOSE BY JUNE 30, 2018​.  Full Article

UK's Takeover Panel Says Disney Deal Does Not Alter Fox's Obligations For Sky Offer
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - UK's Takeover Panel:UK'S TAKEOVER PANEL - DISNEY INFORMED EXECUTIVE IT DOES NOT BELIEVE COMPLETION OF ACQUISITION SHOULD TRIGGER MANDATORY BID OBLIGATION UPON DISNEY (CORRECTS SOURCE).UK'S TAKEOVER PANEL - DISNEY-FOX DEAL ‍ANNOUNCEMENT DOES NOT ALTER 21ST CENTURY FOX'S OBLIGATIONS UNDER TAKEOVER CODE.UK'S TAKEOVER PANEL- EXECUTIVE WILL SEEK VIEWS OF INDEPENDENT DIRECTORS OF SKY BEFORE REACHING A DETERMINATION ON THIS ISSUE.  Full Article

21St Century Fox To Spin Off Businesses And Create New “Fox”
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::21ST CENTURY FOX TO SPIN OFF BUSINESSES AND CREATE NEW “FOX”; A GROWTH COMPANY CENTERED ON LIVE NEWS AND SPORTS BRANDS AND THE ICONIC FOX BRAND.TWENTY-FIRST CENTURY FOX - SPIN-OFF WILL BE TAXABLE TO 21ST CENTURY FOX, BUT NOT TO ITS SHAREHOLDERS.TWENTY-FIRST CENTURY FOX INC - PRIOR TO COMPLETION OF SPIN-OFF, NEW FOX WILL PAY AN $8.5 BILLION CASH DIVIDEND TO 21ST CENTURY FOX.TWENTY-FIRST CENTURY FOX - NEW FOX WOULD MAINTAIN TWO CLASSES OF COMMON STOCK: CLASS A COMMON AND CLASS B COMMON VOTING SHARES.TWENTY-FIRST CENTURY FOX - ON SPIN-OFF CLOSING, CO'S SHAREHOLDERS WOULD RECEIVE ONE SHARE OF STOCK IN NEW FOX FOR EACH SAME CLASS OF CO'S SHARE HELD.TWENTY-FIRST CENTURY FOX - GOLDMAN SACHS IS LEAD FINANCIAL ADVISOR TO CO AND PROVIDED A BRIDGE LOAN COMMITMENT OF UP TO $9 BILLION TO NEW FOX.TWENTY-FIRST CENTURY FOX INC - CENTERVIEW PARTNERS AND DEUTSCHE BANK ARE ALSO ACTING AS FINANCIAL ADVISORS TO COMPANY.TWENTY-FIRST CENTURY FOX - NEW FOX TO GET STEP-UP IN ITS TAX BASIS COMMENSURATE WITH CORPORATE TAX RELATING TO SPIN-OFF.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT $28/SHARE USING REFERENCE DISNEY SHARE PRICE OF $102.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT NEARLY $30/SHARE BASED ON DISNEY'S DEC. 13 CLOSING PRICE.TWENTY-FIRST CENTURY FOX - NEW "FOX" WILL ALSO INCLUDE COMPANY'S STUDIO LOT IN LOS ANGELES AND EQUITY INVESTMENT IN ROKU.  Full Article

The Walt Disney Co To Acquire Twenty-First Century Fox For $52.4 Billion In Stock
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY TO ACQUIRE TWENTY-FIRST CENTURY FOX, INC., AFTER SPINOFF OF CERTAIN BUSINESSES, FOR $52.4 BILLION IN STOCK.WALT DISNEY CO - SHAREHOLDERS OF 21ST CENTURY FOX WILL RECEIVE 0.2745 DISNEY SHARES FOR EACH 21ST CENTURY FOX SHARE THEY HOLD.WALT DISNEY CO - DISNEY WILL ALSO ASSUME APPROXIMATELY $13.7 BILLION OF NET DEBT OF 21ST CENTURY FOX.WALT DISNEY - 21ST CENTURY FOX TO SPIN OFF FOX BROADCASTING NETWORK AND STATIONS, FOX NEWS, FOX BUSINESS, FS1, FS2 AND BIG TEN NETWORK TO ITS SHAREHOLDERS.WALT DISNEY CO - TOTAL TRANSACTION VALUE OF DEAL IS APPROXIMATELY $66.1 BILLION.WALT DISNEY CO - TRANSACTION TO INCLUDE 21ST CENTURY FOX'S FILM AND TELEVISION STUDIOS, CABLE ENTERTAINMENT NETWORKS AND INTERNATIONAL TV BUSINESSES.WALT DISNEY CO - BOB IGER AGREED TO CONTINUE AS CHAIRMAN AND CEO OF WALT DISNEY COMPANY THROUGH END OF CALENDAR YEAR 2021.WALT DISNEY CO - ACQUISITION IS EXPECTED TO YIELD AT LEAST $2 BILLION IN COST SAVINGS FROM EFFICIENCIES REALIZED THROUGH COMBINATION OF BUSINESSES.WALT DISNEY CO - DEAL EXPECTED TO BE ACCRETIVE TO EARNINGS BEFORE IMPACT OF PURCHASE ACCOUNTING FOR SECOND FISCAL YEAR AFTER CLOSE OF DEAL.WALT DISNEY CO - 21ST CENTURY FOX REMAINS FULLY COMMITTED TO COMPLETING CURRENT SKY PLC OFFER.WALT DISNEY - ASSUMING FOX COMPLETES SKY DEAL BEFORE CLOSING DEAL WITH DISNEY, CO WOULD ASSUME OWNERSHIP OF SKY.WALT DISNEY CO - BOARDS OF DISNEY AND 21ST CENTURY FOX HAVE APPROVED TRANSACTION.  Full Article

UK's Ofcom says broadband and landline customers to get compensated without claiming
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Office of Communications:OFCOM- ‍BROADBAND AND LANDLINE CUSTOMERS WILL GET MONEY BACK FROM THEIR PROVIDERS WHEN THINGS GO WRONG, WITHOUT HAVING TO CLAIM IT.OFCOM- ‍CUSTOMERS SET FOR £142M IN PAYOUTS - AROUND NINE TIMES CURRENT LEVEL​.OFCOM-‍AS A RESULT OF OFCOM'S INTERVENTION, BT, SKY, TALKTALK, VIRGIN MEDIA AND ZEN INTERNET HAVE AGREED TO INTRODUCE AUTOMATIC COMPENSATION​.  Full Article

Twenty-First Century Fox Q1 adj shr from cont ops attributable to co's stockholders was $0.49
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Twenty-First Century Fox Inc ::Twenty-First Century Fox Inc - ‍reported total quarterly revenues of $7.00 billion, a $496 million, or 8%, increase from last year​.Twenty-First Century Fox Inc - ‍reported quarterly income from continuing operations attributable to 21st Century Fox stockholders of $0.45 per share​.Twenty-First Century Fox Inc - ‍Cable Network Programming quarterly segment OIBDA increased 9% to $1.51 billion​.Twenty-First Century Fox Inc - ‍Television reported quarterly segment OIBDA of $122 million, a decrease of 36% compared to prior year quarter​.Twenty-First Century Fox - ‍adjusted quarterly earnings per share from continuing operations attributable to 21st Century Fox stockholders was $0.49​.Twenty-First Century Fox Inc - ‍Filmed Entertainment generated quarterly segment OIBDA of $256 million, a $55 million decrease from prior year quarter​.Twenty-First Century Fox Inc - ‍absent further delays, Sky plc deal is expected to close by June 30, 2018​.Twenty-First Century Fox - ‍Q1 performance "puts us on track to achieve our overall financial and operational objectives for this fiscal year​".Q1 earnings per share view $0.49, revenue view $6.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Sky ind director Gilbert "pretty confident" events at Fox News won't affect CMA review
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Sky :Independent director Martin Gilbert "pretty confident" events at Fox News <<>> won't affect CMA review of Fox-Sky deal - AGM.  Full Article

Fox responds to CMA statement over Sky deal‍​
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - TWENTY-FIRST CENTURY FOX INC :‍​:21ST CENTURY FOX RESPONDS TO CMA ISSUES STATEMENT."LOOK FORWARD TO CMA PROCESS AND ENGAGING IN A THOROUGH AND CONSTRUCTIVE REVIEW"​.  Full Article

UK's CMA to examine how Fox/Sky deal would impact "media plurality and broadcasting standards in UK"
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - UK's CMA::Set out more detail about what it intends to examine in its investigation into proposed takeover of sky plc by 21 st century fox​.Will now examine how deal would impact "media plurality and broadcasting standards in uk​".Required to report to secretary of state with its recommendations within six months of opening investigation​.  Full Article

Sky board member says Fox approach "worth putting to shareholders"
Friday, 9 Dec 2016 

Martin Gilbert, Member Of Sky's independent committee assessing Fox approach says: it's a "good premium", "worth putting to shareholders" Further company coverage: [SKYB.L] (London newsroom) ((uk.online@reuters.com; 0207 542 7717;)).  Full Article

Photo

BT and Sky strike deal to carry each other's channels

LONDON Britain's Sky and BT have agreed to supply their most popular channels to each other's platforms in a deal that eases the rivalry between two pay-TV giants facing new threats from the likes of Netflix and Amazon.