Profile picture
Joe Mayes @Joe_Mayes
, 48 tweets, 30 min read Read on Twitter
Now we've all caught our breath, here's everything you need to know about the biggest story in British media -- the battle royale for Sky (Thread 👇)
Media giants Comcast, Fox and Disney are all in the running to buy Sky. Why do they want it?
-- Big fans of Sky's technology, like the Sky Q box 📺📡
-- Want to diversify out of the U.S. 🌍
-- Want to beef up to compete with Netflix and Amazon 💪…
There's a fair bit of personal drama here. Comcast CEO Brian Roberts has a long history of going toe-to-toe with Fox executive chairman Rupert Murdoch and Disney CEO Bob Iger for media dominance. These are astute, battle-hardened deal-makers…
Roberts also has the advantage of not carrying Murdoch's baggage in the U.K. A 2011 phone-hacking scandal at Murdoch's papers and allegations of sexual and racial harassment at Fox News have all slowed regulatory approval of Fox's bid for Sky…
What happens next? Fox (or Disney) need to decide whether to bid higher than Comcast's offer of £12.50 per Sky share. Fox already has a bid that's 16% below Comcast's price on the table. In other words, get ready for an auction 💰📈…
Investors think a Fox bump is likely -- just look at what's happened to Sky's share price in recent days…
Perhaps the most important person in all this now is Sky's deputy chairman @MartinGilbert83 - he'll have to decide which bid to recommend to Sky's shareholders, making him the power broker between competing billionaires…
Experts on this story include @StewartPurvis, @stevenjbarnett, @Avaaz, @Alaphia, @Ed_Miliband, @tom_watson, @DamianCollins, @LordCFalconer, @adamboultonSKY and @MattHancock -- they've all been watching the U.K. regulatory process closely, which comes to a head in June
To stay apace with every fresh twist in this saga, follow my @business and @gadfly colleagues @hellierd @TW_Seal @gerryfsmith @atbwebb @taralach @anoushasakoui and @rpenty -- I'm sure there's plenty more drama to come 🍿
And in short summary video form, here's my take from earlier with @BBCSimonMcCoy (End of Thread)
Sky's directors have now withdrawn their recommendation in favour of Fox's offer. With Comcast officially in town, it's all to play for -…
Latest: I went on @BloombergTV to discuss Comcast gatecrashing Fox's bid for Sky 📺📡…
So, what happens now? Here's what's next in the Sky-Fox-Disney-Comcast saga #tictocnews…
The plot thickens. Comcast don't just want Sky. They want Fox too, via @gerryfsmith #tictocnews…
`We are into the game,' says hedge fund manager Crispin Odey, as Comcast gets the green light for its Sky bid. Next up: will @MattHancock clear Rupert Murdoch's Fox offer?…
The key question for @MattHancock today is around the future of @SkyNews - will he make the Fox/Sky deal conditional on Fox selling Sky News? Or giving it an independent editorial board? Or legally separating it from Sky? Decisions, decisions..
I had the honour of joining @BBCSimonMcCoy to discuss Fox getting the all-clear for its Sky bid, provided it sells Sky News. Here's the clip 👇
Still confused by the Fox-Sky-Disney-Comcast saga? @gerryfsmith and I have done a little explainer, with a nifty graphic from @BBGVisualData…
Disney gets out the big 💰 as it bids higher for Rupert Murdoch's Fox… via @NewsyNick
The UK Takeover Panel is weighing another intervention into the Fox-Sky-Disney-Comcast saga - story now on @TheTerminal, link to statement here:…
In the battle for control of the bulk of Rupert Murdoch's media empire, the clock is ticking for Comcast… via @MsNabilaAhmed
What's next in the Comcast vs. Disney mega-media battle? Top piece by @MsNabilaAhmed and @gerryfsmith on the 5 ways it could play out… #media #deals
Here we go folks. The Sky bidding war is about to hot up… #TicTocNews
Just about to go on Bloomberg TV to discuss Fox's increased bid for Sky - tune in!
Rupert Murdoch fights back, as Fox boosts its bid for Sky to take on Comcast…
Some Sky investors are unimpressed by Fox's latest £14 per share bid. `They're way behind the curve still,' says hedge fund manager Crispin Odey, who's long agitated for a higher offer. I discuss on Bloomberg TV here 📺…
The bidding war for Sky is well and truly here. Comcast raises its bid to £14.75 per share, 5% above Murdoch's Fox offer…
The U.K. government has finally - 19 months, one general election, 3 culture secretaries, multiple Ofcom and CMA reviews, umpteen Ed Miliband letters, a Comcast and Disney bonanza later - approved Rupert #Murdoch's #Fox bid for #Sky…
This U.S. hedge fund has made a killing on Sky 💰💰💰… via @charlesstein1
Here's what's next in the battle for Rupert Murdoch's media empire 📺📈💰… via @anoushasakoui @tompfeiffer1
July 27 is shaping up to be a big day in the battle between Comcast and Disney for Fox and Sky -- on both sides of the Atlantic 🌊… $CMCSA $DIS $FOXA $SKY @anoushasakoui @MsNabilaAhmed @EdHammondNY @NewsyNick
Comcast throws in the towel in the fight for Fox, leaving Sky as the final battleground… via @anoushasakoui @gerryfsmith @ptsweeney $CMCSA $FOXA $DIS $SKY
Disney CEO Bob Iger says he's `extremely pleased' that Comcast has dropped out of the Fox hunt. But still no word on whether he'll continue the bidding war for Sky… $CMCSA $FOXA $DIS $SKY
Disney, are you watching? Sky posted another solid set of results -- growing sales, more customers. Will they come back with a higher bid...…
If you were hoping Rupert #Murdoch would make his next big bid in the battle for Sky this week, you could be disappointed -- he and Disney can keep Comcast guessing well into September… via @chrispalmeri @anoushasakoui
Right on cue, Fox has just posted its offer document, with its bid price unchanged at £14 per share. The next step in the Sky bidding war will have to wait...…
The end is in sight in the Sky bidding war. I went on @BloombergTV to discuss…
Folks, it's the final countdown. Fox and Comcast are negotiating the rules for an auction for Sky. In other words...… w/ @anoushasakoui
Who will win the auction for Sky? Our survey gives Comcast the nod…
The rules of the Sky auction are out:
- 3 rounds of bidding, all on Saturday
- Lowest bidder goes first
- Result announced Saturday evening…
Everything you need to know about the Sky auction 👇… w/ @TW_Seal
How will the Sky auction work? What comes next? Here's my take with @VonnieQuinn on @BloombergTV earlier
Get ready for 3 potential scenarios tonight in the Sky auction:
1) Disney (Fox) delivers a knockout bid
2) Comcast comes out the clear winner
3) Bids are too close to call
If it's the latter, things could get tricky...…
Whatever bids we get tonight, it's worth remembering this. Sky's share price was around £7.50 in late 2016, just before Fox first bid. It's now near £16. Value of the company has more than doubled. Quite extraordinary.
We have a winner.

Comcast bids £17.28 per share, a 17% increase on their previous bid.
Fox bids £15.67 per share.

Victory for Comcast, and a *huge* payday for Sky shareholders.
Comcast lands a knockout blow on Fox for Sky. They brought the big guns 💪… w/ @gerryfsmith
We have a statement from Comcast CEO Brian Roberts on their Sky victory 👇…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Joe Mayes
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!