Comcast increases cash-offer for Sky to $34 billion

Comcast investment

DEFENSE SPENDING: Defense contractors rose after President Donald Trump continued to criticize other North Atlantic Treaty Organisation members at the group's summit in Brussels.

The S&P 500 index rise 24.27 points, or 0.9%, to 2,798.29. Its last record came on June 20.

The lion's share of the fees - up to 170.3 million pounds - will go to the lenders, including Bank of America, that are co-ordinating the financing for Comcast's offer. Broadcom investors expressed their disapproval of the deal, which involves Broadcom taking on 18 billion dollars (£14 billion) in debt.

Sky's stock rose 3.4 percent in London. Software maker CA is jumping after chipmaker Broadcom agreed to buy it for $18.9 billion.

French President Emmanuel Macro said North Atlantic Treaty Organisation spending plans haven't changed, as several years ago members set a long term goal of spending 2 percent of their gross domestic product on defense. Ives says the average Netflix user spends 10 hours a week watching its content, with five hours per week going each to Hulu and Amazon.

Several European leaders said North Atlantic Treaty Organisation spending plans have not changed.

Trump advised Theresa May to sue the EU
Britain's International Trade Secretary Liam Fox said the protesters were "an embarrassment to themselves". Trump told The Sun that such a deal "will probably kill" any prospect of a USA -U.K. free-trade agreement.

Next potential moves: The panel ruled July 13 that Disney's increased offer for the Fox assets - a bump of 35 per cent to US$71.3b - would also require a bump in the mandatory bid price for Sky to 14 pounds per share (that's the same price Fox offered for Sky in its latest bid).

Sky, Fox, Disney and Comcast are locked in a series of interlinked takeover battles, with Fox and Comcast vying for control of Sky and Comcast and Disney battling to buy the bulk of Fox's TV and film assets, including its 39 percent Sky stake.

Comcast was also involved, competing with Disney for the purchase of Fox.

It lifted its bid for Sky on Wednesday after Fox sweetened its rival offer to £14 per share earlier that day. First, if Disney wants to own 100 percent of Sky, it will have to outbid Comcast.

Comcast has been expected to abandon its bid for Fox and focus instead on winning Sky, according to Jonathan Chaplin, an analyst at New Street Research LLC. Disney gained 0.2 percent. But since Mr Schnatter is still is largest shareholder, Mr Cull does not think that will happen. China said it would retaliate if the tariffs take effect, and the dispute could impair global economic growth.

Stocks overseas took bigger losses than USA indexes did and they made smaller recoveries Thursday. In Paris, the CAC 40 climbed 1 percent.

Prince Louis’ Official Christening Photos Released By Kensington Palace
Meghan , 36, in an olive green Ralph Lauren outfit with a hat by Stephen Jones, stands next to a slightly serious-looking Harry . After the ceremony, the baby prince looked content and adorable as he wiggled his fingers at his smiling mum.

Benchmark U.S. crude dipped 0.1 percent to $70.33 a barrel in NY while Brent crude, used to price global oils, rose 1.4 percent to $74.45 per barrel in London.

ENERGY: Benchmark U.S. crude gained 0.4 percent to $70.64 a barrel in NY while Brent crude, used to price worldwide oils, added 0.7 percent to $73.90 per barrel in London.

Benchmark US crude dipped 0.1% to 70.33 dollars a barrel in NY while Brent crude, used to price worldwide oils, rose 1.4% to 74.45 dollars per barrel in London.

US crude dropped 5 percent Wednesday and Brent nosedived nearly 7 percent as investors anxious that the trade conflict will hurt the global economy. They started the year at about £10. The euro rose to $1.1679 from $1.1674.

Bond prices ticked higher.

Trump sets expectations 'low' for Helsinki summit with Putin
The Foreign Ministry called the indictments "a shameful comedy" and said they were aimed at disrupting the Helsinki summit. Trump, meanwhile, has called the news the " enemy of the people " and referred to their reporting as "fake news".

Related news:

Hot News

isis-killer-beheading-video-story-top China's ZTE sees heavy losses in H1 due to United States penalty
Jul 16, 2018 - 07:02
The sanctions influenced ZTE's decision recently to cease operations, and eliminate its entire board and appoint a new chairman. President Donald Trump has said he's prepared to put tariffs on as much as $450 billion worth of Chinese exports.

isis-killer-beheading-video-story-top Croatia & France fans fill Moscow ahead of World Cup final
Jul 16, 2018 - 06:35
Croatia should be able to start with Ivan Strinic and Mario Mandzukic despite both going off with injuries against England. Perisic had scored for Croatia to level the game at 1-1 in the 28th minute.

isis-killer-beheading-video-story-top All The Goals From Emery's First Arsenal Match
Jul 16, 2018 - 06:31
Then Ozil was dropped for Germany's last match against Sweden as his country were knocked out in the World Cup group stage. "I'm really happy everybody played well so that's good".

Kate Middleton and Prince William Release Prince Louis's 3 Official Christening Photos
Jul 16, 2018 - 06:28
In the second portrait of the Cambridges posing with just royal family relatives, Charlotte can't keep her eyes off little Louis. Another snapshot shows Kate holding her son, who is wearing a cream-colored dressing gown, in an outdoor setting.

isis-killer-beheading-video-story-top Chicago police release body cam video of South Shore police shooting
Jul 16, 2018 - 06:04
Harith Augustus , 37, was approached by Chicago police because they believed he may be armed. The officer who shot him, Jason Van Dyke, was charged with murder and is awaiting trial.

USA not seeking 'concrete deliverables' from Trump-Putin meeting
Jul 16, 2018 - 05:23
One poster, with a headline from 2004, reads in Russian: "Russian reporter who criticized Putin gains asylum in Britain". Just a few details of the "conversation" - as United States ambassador to Russia Jon Huntsman called it - are known.

isis-killer-beheading-video-story-top Boys, coach rescued from Thailand cave to be discharged from hospital Thursday
Jul 16, 2018 - 04:16
In a condolence message to Dr Harris on its Facebook page, the Thai navy unit said, "We wish you the best for this tough time". British cave divers Rick Stanton and John Volanthen found the group on July 2, squatting on the ledge in the flooded chamber.

isis-killer-beheading-video-story-top United States indicts 12 Russians on 2016 election meddling charges
Jul 16, 2018 - 03:36
The charges come as Mueller continues to investigate potential co-ordination between Russian Federation and the Trump campaign. The Kremlin said there was no evidence linking the 12 to military intelligence or hacking .

isis-killer-beheading-video-story-top Croatia has surpassed the great Yugoslav teams of the past
Jul 16, 2018 - 03:30
I want the star (on my shirt for World Cup winners)". "We've got players that are going to mature over the next couple of years". Overall, it's not a surprise Belgium is favored, as it has looked like the better team in this tournament and has more talent.

isis-killer-beheading-video-story-top Croatia World Cup final players card
Jul 16, 2018 - 03:28
In characteristically self-effacing style, Modric said he had no interest in individual prizes when the World Cup is at stake. France starlet Mbappe was voted young player of the tournament - a gong for which players aged 21 or under are eligible.

isis-killer-beheading-video-story-top Croatia's Vida sorry for Ukraine comments
Jul 16, 2018 - 01:24
While Lovren has definitely improved leaps and bounds since then, he's not even the best defender at Liverpool . In spite of it all , the Croatians will find themselves in the Final against France in Moscow on Sunday .

Trump calls the European Union a 'foe' of America
Jul 16, 2018 - 00:48
The President of the European Council has fired back at President Donald Trump for calling the EU a "foe" in an interview. Trump added the European Union has "really taken advantage of us on trade" though this "does not mean that they are bad".

Fatal Police Shooting Sparks Intense Protest In Chicago
Jul 16, 2018 - 00:37
They said that they saw a man who "they thought might be armed". "He was cool, laid back, very intelligent", Rainge said. Augustus was not a known gang member and did not have a recent arrest history, police spokesman Anthony Guglielmi said .

isis-killer-beheading-video-story-top Kate Upton, Justin Verlander announce they are expecting first child
Jul 16, 2018 - 00:31
They started dating in 2014 and got engaged in 2016 but they didn't share their wedding date with the public until it happened. We'll definitely be on the lookout for more pregnancy updates from Kate!

isis-killer-beheading-video-story-top Tesla Whistleblower Ups Ante, Making a Formal Complaint With the SEC
Jul 16, 2018 - 00:31
The innovation center was officially registered on October 18, 2017, three years after Tesla's entrance into China in 2013. People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018.