Category Archives: Media business

Comcast's cute timing has tangled Rupert Murdoch's Sky plans | Nils Pratley

The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign

Poor old Rupert Murdoch. A media titan can’t even break up his own empire these days without gate-crashers turning up to spoil the show. Comcast’s £22bn bid for Sky is bold, aggressive and cutely timed – qualities associated with Murdoch in his pomp – and, very probably, marks the start of a shoot-out for the UK satellite broadcaster.

The open question is who will to go head-to-head with Comcast. Should it be Murdoch’s 21st Century Fox, whose current £10.75-a-share cash offer for Sky has been trumped by 16% by Comcast? Or should Disney, in the process of trying to buy the bulk of Fox via a deal that includes the 39% stake in Sky, take matters in its own hands and make a direct counter-offer?

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Source: gad

Comcast challenges Murdoch with £22bn bid for Sky

US cable TV giant outbids 21st Century Fox’s existing offer for broadcasting group

Comcast is attempting to gatecrash Rupert Murdoch’s takeover of Sky, submitting a rival offer to the UK broadcaster’s shareholders worth about £22bn.

The media and telecoms company, which owns NBC Universal and is the largest cable company in the US, said its all-cash offer of £12.50 per share offered Sky shareholders a 16% premium on the offer from Murdoch’s 21st Century Fox.

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Source: gad

Huge cryptojacking campaign earns just $24 for hackers

Though 5,000-site attack suggests forcing visitors to mine cryptocurrency offers scant reward, it hasn’t stopped news platform Salon

A malware attack that turned thousands of websites into cryptocurrency mining engines made just $24, according to the company that develops the software used.

On Sunday, hackers compromised an accessibility plugin, BrowseAloud, which is used to offer screen-reading services on a number of websites including the Information Commissioner’s Office, the Student Loans Company and several English councils.

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Source: gadt