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Tomas A Comcast News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNBC Squawk On The Street February 27, 2018

And the parent of this network challenging 21st century fox by offering to acquire uk Broadcaster Sky for 31 billion. The share is higher than the portion to buy sky it doesnt already own. Comcasts chairman and ceo spoke about the bid on a Conference Call moments ago take a listen to Brian Roberts. When it became clear it was not only sky for sale but that every share was potentially going to have a change of ownership, we thought now was the time to make a superior cash proposal and that is exactly what they are calling it a superior cash proposal and it is now, that proposal word is important having to do with uk takeover law this is actually a proposal under 2. 4. They need to go to 2. 7 but it doesnt mean or take away from the significance or seriousness. They just have to get their financing together they havent gotten the board approval that is all technicalities for the bigger picture, which is as carl just said, the 31 billion cash all 50 versus the 1075. Timing was the key for

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