Rodan75
Well-Known Member
I hope they bid again. I have read different analysts reports on the value of Sky and they range all the way from Disney £14.00 offer all the way to £18.00 a share. Now if Comcast is correct and the value is £14.75 a share and the UK merger panel says Disney is paying £14.00 for 39% via the Fox merger they can easily increase their offer for the 69% they don't own and still be slightly below the total cost they end up paying for Sky.
So what outcome do I want for Sky? Do I want a complete a friendly resolution of lots of issues or for Disney to end up with Sky? I do not think the themepark rights to the Marvel Characters and even the Marvel name for themepark attractions are worth much. People don't care if Disney uses Super Hero or Marvel when talking about specific characters. I want Disney to end up with Sky and for Comcast to buy something else. BTW, for those who haven't read the cable television news, Comcast could buy Spectrum's New York State business as the State of New York ruled they have broken their agreements with the State and must sell.
Side note - having come from that industry, the mismanagement that Charter has done with the State of New York is gross negligence and the shareholders should demand leadership changes, both within the board and throughout the C-Suite. Frontier is also risking a few of their franchises after the they picked up the last round of Verizon assets.
Back to Disney - Yeah, I think Disney is going to push at least one more bid. I would love to see them walk away with some side deal about Comcast's 30% Hulu stake and less debt, but it seems almost irresponsible to not bid higher for SKY based on the current valuations.