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Sky's Shares Jump After Comcast Wins Auction With Big Bet

  • Category news
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:00:38
  • Year 2018
  • Language English

Sky's Shares Jump After Comcast Wins Auction With Big Bet

According to Reuters, shares jumped 9 percent on Monday to within touching distance of what Comcast will pay to buy Europe’s biggest pay-TV group after seeing off competition from Twenty-First Century Fox. The U.S. cable-TV giant offered $40 billion in a rare weekend auction that brought to an end its battle against Fox and Walt Disney. Each company wanted control of Sky to increase their reach in Europe, where pay-TV is growing and to gain access to Sky’s 23 million customers.

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