comcast is the second largest cable in broadband company here in the in the u.s. it owns a number of the forty states or so a lot of the fifty has a number of o t t programs over the. programs and devices and the like it also by the way owns n.b.c. universal and b c m s n b c it has a news footprint as well but it's looking to go elsewhere because the bottom line is that everybody else will tell you the bottom line is going to be subscribers and subscriber platforms and especially when we have a cut the cord mentality in this country they have to either diversify or perish in arrest and steve we spoke about this on friday about the auction before it occurred now that comcast has won. the bid thirty nine billion bucks are they going to really be hands on are they going to go and pretend they know what's going on and europe what do you think. well if you listen to brian roberts the head man at comcast he says that sky will operate independently me with the backing i get all choked up when i say these kinds of figures with the backing of a one hundred fifty billion d

auction comcast is purchasing you case guy we'll look at comcast as the energy and ask our friend steve malzberg a line of why no media what the future holds plus i'll tell you about some curious crypto news out of india and italy which show the nations are headed in decisively different crypto directions as i go to break here are those numbers at the closing bell back and forth. in a world of big partners. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. high frequency trading game it's all about space look at goldman sachs can figure out a way to go backwards in time and still money from trades in the history they would do it but the second best option is to just increase the speed in the here and now to steal that are much rapid. to imagine decades after the war a nazi don't a that wa

maybe their appetite wasn't as strong as comcast. let's talk about comcast. how badly do they need sky? we have heard from the ceo talking about international expansion. sky is clearly a very important asset for comcast. this will help them diversify outside of the us where they have seen reduction in spending on cable channels because of the threat of netflix, consumers are increasingly going for those kinds of options. it allows comcast to get out of the struggling us market. they also get sky's technology. all the content it has like premier league soccer, great dramas, it is a pretty big win for comcast. comcast wins, what do current sky customers win? what are they gain by this deal? i think we can expect pretty big cash injection. the big media player spending a lot of money on the platform and the is this. you heard the quality of the sky offering might increase. that will bea offering might increase. that will be a concern for sky employees as well. the bidder has to find cost savings to justify the big rise they have just paid so they might be some u

and 21st—ce ntu ry place between comcast and 21st—century fox place between comcast and 21st—ce ntu ry fox for place between comcast and 21st—century fox for sky, the british broadcaster. it appears that comcast, a us cable giant, has beaten 21st—century fox in that bidding battle for sky after making a bid of £17.28 per share. that was the offer that was put forward, and it won the bid for sky. the auction actually started on friday, and it went to... it was run over three rounds. rupert murdoch's fox offered £16 per share in absorption. we will find out more about the indications for media, just how valuable sky is to comcast with our media editor later in the programme. stay with us for that. comcast, then, later in the programme. stay with us forthat. comcast, then, has later in the programme. stay with us for that. comcast, then, has won the bidding battle for sky against 21st century fox. let's now return to political events. our political correspondent ian watson is in liverpool for us. you are monitoring the conference. take us are monitoring the conference. take us th

so in a sense, it's very similar to what comcast is and comcast will recognize the model here and comcast acquires 23 million viewers around europe now through this deal. but the question still seems to be are they overpaying for this? becau because all the analysts were saying on a dcf model, you couldn't make sky worth more than 17 pounds in fact, most of them were some way below that sort of 16 pounds and change but this unique auction process had comcast competing with rupert murdoch and fox to try and nail down finally. this bid process had run on for too long the question is then wh they will have paid too much here it's down to obviously brian roberts and his team to try and figure out how that extract value. the one thing it does do, though, it gives them premium league soccer rights that's what sky has. and it also means comcast gets to dramatically raise its content outside of the united states i think this now takes the business from something like 9% outside the u.s. to 20%. so if the u.s. economy ever starts slowing down, this is some diversification but again, all roads lead

should comcast is purchasing u.k. sky will look at comcast as the energy and ask our friend steve malzberg and why know of why no media what the future holds plus i'll tell you about some curious crypto news out of india in italy which show the nations are headed in decisively different crypto directions as we go to break here are those numbers at the closing bell. what politicians do something to. put themselves on the line they get accepted or rejected. so when you want to be president. want to. have to go right to press for survival before three of them or can't be good. i'm interested in the waters in the. first. african to try to game it's all about look at goldman sachs can figure out a way to go backwards in time and still money from trades in the history they would do it but the second best option is to just increase the speed in the here and now to steal better much rapid pace. sure. welcome the government of indian prime minister narendra modi is having trouble procuring three dozen new fighter jets opening

comcast is purchasing u.k. sky will look at comcast as the energy and ask our friend steve malzberg a line of why no media what the future holds plus i'll tell you about some curious crypto news out of india and italy which show the nations are headed in decisively different crypto directions as we go to break here are those numbers at the closing bell back and forth. in a world of big. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten times happy each day. eighty five percent of global wealth to the rich eight point six percent market saw a thirty percent rise last year some with four hundred to f

these are your headlines comcast takes the battle for sky from the auction block to shareholders as it hopes to win investor support for the $40 billion deal mining for value, shares rise after canada's barrett announces an $18 billion whole share tieup with a london listed miner creating the world's biggestduc. >>> china criticizes the u.s. for bullyism sending european shares lower >>> here in westminster british prime minister theresa may prepares to face her cabinet colleagues she'll be trying to defend her original brexit plan as number 10 downing street denies reports of a fresh general election. >>> let me take you to sky shares that have moved higher nearly half of the trading session after comcast's victory over 21st century fox. announcing the terms for the bid for sky, comcast is offering 17 pounds 28 pence per share. sky immediately accepted the offer and recommended it to shareholders who have until the 11th of october to decide. the deal represents a 125% premium, that's right, 125% premium to where the paid tv group was trading before the big battle with fox started in d

for several years, comcast. it's been a big acquisition push over the last 20, 30 years at&t's broadband business tried to buy time warner cable nbc universal which owns your fine network it's pushing at the limits of its growth and with paid tv under pressure because of core cutting, netflix and amazon at the edges offering people new ways to watch television on demand programming taking off in the way that it has, it really needed a new route to new customers. this deal gives it that in a big way. it's a pretty full price i mean, it's almost 4 billion pounds sterling more than disney were offering but, you know, it was something that brian roberts, ceo of comcast was desperate to get and it looks like he's going to get his way. >> are you seeing the same level of cord cutting as we are seeing here people simply dropping their subscriptions and keeping the internet is that as much of a thing there as we talk about it here >> not yet, but it's getting there. i think cord cutting in the u.s. is happening on a big

they say comcast grossly over paid but whether it is comcast now, disney with the fox asset and at&t, we keep oncoming back with the question that how these big media giants are going to demonstrate and pay overtime >> i felt the commentary, i listen to the market and i totally respect their analysis just because they paid a little bit more and it was not a huge more, what happens is that suddenly they turn on it i think -- what i like about this, until this happens, comcast is only at 13 times earnings and everybody is quoting it a wasting asset they're not cutting core over there. they're taking core over there this is short-lived of assets you are buying come on? what happens is over night and this story went from being wow, a lot of videos and overseas and terrific and maybe they can be a competitor in netflix but i always thought that was over blown. what matters is growth of customers. growth of customers is what we are paying for and the balance sheet can handle it and let's move on and recognize and apple performs some things >> carl, if you are a long-term holder of comcast,

comcast business. beyond fast. hi, tom. ings ] hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yeah, i'm afraid so. knowing what's important to you... it's okay. this is what we've been planning for. thanks, bye. that's what's important to us. it's why 7 million investors work with edward jones. on the go and want to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. lauren: walmart is warning a trade war will set off higher prices for its customers. in a letter sent to the u.s. trade representative's office back on september 6th, this is what walmart predicted. either consumers will pay more, suppliers will receive less, retail margins will be lower or consumers will buy fewer products, or forego purchases all tog

i think comcast have landed this knockout blow, and that's the end of it. and we'll find out how this story and many others are covered in tomorrow's front pages at 10:30pm and 11:30pm this evening in the papers. our guestsjoining me tonight are martin bentham, the home affairs editor for the london evening standard, and martin lipton, who's deputy head of sport at the sun. we hope you canjoin us for we hope you can join us for that. labour should be prepared to back demands for a new brexit referendum, deputy leader tom watson has said. he told the observer he would prefer brexit to be debated in an election, but if party members favour another public vote, their views must be respected. labour has never formally rejected the option of a new vote, but leaderjeremy corbyn has indicated he would prefer the issue to be resolved at a general election. mr corbyn told a rally, ahead of the party conference tomorrow, that they would challenge the government on key issues. we will challenge this government on whatever deal it brings back, on our six tests, onjobs,

maybe so, comcast clearly pa id a bills go up not? maybe so, comcast clearly paid a lot of money to get sky. they're trying to justify this big price tag that page, they might also be worrying about how sky employees will keep theirjobs. the contest a re employees will keep theirjobs. the contest are a big and wealthy us company. they could go either way. finally, just briefly, what does this mean for fox or the micro fox? they lost this time. they have lost but they also won. if you remember that fox has a 39% stake in sky, and that fox has a 39% stake in sky, and that value has gone up enormously because of the comcast bid. they could use it cash in and sell the sta ke to could use it cash in and sell the stake to comcast. rupert murdoch has been trying to buy sky for almost a decade, and he has not succeeded. comcast came out on top, so it is bittersweet for them. thank you for your insight, joe. an engineer on the ferry that capsized on lake victoria in tanzania has been rescued, two days after the tragedy. divers looking for surv

moffett said, why does comcast want sky? paul: comcast needs international exposure. tv business is mature. if you envision yourself as a global telecommunications media leader, you need to get outside the u.s. borders. sky is a crown jewel. it has 23 million subscribers. this is a great waysky is a croo diversify. including jonathan ferro watching soccer games on saturday morning. is the idea ofl technological obsolescence. model sod technology fractured that maybe it is at risk? we are seeing cord cutting, 4%, 5%, the u.s. market drops. about marketshink where they are not cutting the cord. the u.k. markets are still growing in terms of penetration. that is the growth they are looking for to augment what is a good business. francine: what happens to fox's stake in skype? disney does not want to be a minority shareholder. my senses they will sell the stake or swap it for the state comcast owns in hulu. are you watching for regulator action? paul: i think this will be smooth. they have received clearance for this move several months ago. it came down to price and comc

>> congratulations to comcast. the waiting is over. a content perspective, we are focused on what we are good at. one of our competencies is not content. a lot of folks are investing in content. with netflixmmys spending $8 billion on content, hbo, both winning 23 awards. it is in our dna and we have chosen not to get into an industry where we are going to invest in content but to partner with those investing in content. convergence so much going on between content and distribution. is remaining a distributor, does that give you some advantage? we like the position we are in now. we are in downtown denver. when you think about denver, it allows us to be focused on our business. area where wes an have felt comfortable. can think back to when we launched dish network, we could not do it alone. with swing andat we will continue it in the future. you guys were one of the early adopters of the over the top product. how does that affect the buildup of that platform? is that something you are wedded to -- sling or is that alongside the tradit

getting ready for football at comcast plaza. with kickoff a few hours away on nbc, i'm receiling my dream stock for you for your portfolio. >> i'm sitting down with brent celek to catch a glimpse of the entrepreneurial side and basking glory, i'm here to watch my eagles win! also a great time to visit my parent company, that is, don't miss comcast ceo, brian roberts, and stick with cramer! ♪ with a range of suv's perfect for any adventure, you can be in your element, in any element. ♪ experience amazing at your lexus dealer. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health suppleme

let's focus on this sky comcast news. macro to outbid them big—time. —— comcast. this is fascinating. is not often that somebody gets over rupert murdoch, taking away basically his old est murdoch, taking away basically his oldest child. rupert murdoch has been a driver in the media industry to decades but he established sky over 30 years ago. this business, probably the original destructor when it came to media and television, bringing cable and satellite television, investing in its own media, radically changing the way of sports and the premier league and all as we know it in terms of how much money it has brought to that industry. they are creating this really european superbase of 23 million subscribers, which is what has attracted the big beast from america, comcast. in the age we are in with netflix and is on prime, the likes of comcast, some of the old stalwarts of the industry, they had to take radical action and comcast was on a mission. you are right. they have lifted their market. this is a business that has a revenue somewhere market. this is a busine

comcast paying about 38% more than it initially offered for sky. comcast saying that sky will increase the company's international revenues from 9% to 25%, giving combined businesses 53 million customers globally to allow it to invest more in content. now, on the winning bid for comcast over the weekend, cost cast shares losing about 6%, fox shares gaining 1.5%, while disney added 2% and rival netflix gained 2 account p sky shares up about 8.5% now, this deal also makes rivals disney and comcast co-owners of two valuable companies fox and disney own 39% of sky and comcast hopes part of hulu with disney owning 60% of hulu, there's speculation that disney will try to buy out comcast's stake. now, these two things cannot be directly related because of the rules in the uk, but comcast is definitely interested in pursuing the acquisition of the stake in sky that fox and disney will own so there's a question about how these two companies will handle the fact that they each have a minority stake in the other company's assets it is unclear at this point wh

comcast may have won, but they had to pay £30 billion. the real winners are the sky shareholders, including the family of one rupert murdoch. he may not have succeeded in buying all of sky, as he once wanted, but he will not be going home and empty handed. simon jack, bbc news. state media in iran say the government has summoned the envoys of the netherlands, denmark and britain, accusing their countries of harbouring iranian opposition groups. it follows a deadly attack on a military parade in the south—west of the country, in the city of ahvaz, near the iraqi border. alanjohnston has the story — a warning though, you might find some of the pictures in his report distressing. fear and chaos amid the gunfire. moments ago, these soldiers would have been in the parade, marching proudly. now, suddenly, they are under attack. they are desperate for cover, scrambling to survive. bullets whistle overhead, and there are dead and injured all around. then, in the thick of the danger, terrified civilians run for their lives. the gunmen had atta

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, including the family of one rupert murdoch. he may not have succeeded in buying all of sky, as he once wanted, but he won't be going home and empty handed. simon jack, bbc news. state media in iran say the government has summoned the envoys of the netherlands, denmark and britain, accusing their countries of harbouring iranian opposition groups. it follows a deadly attack on a military parade in the south—west of the country, in the city of ahvaz, near the iraqi border. alanjohnston has the story — a warning though, you might find some of the pictures in his report distressing. fear and chaos amid the gunfire. moments ago, these soldiers would have been in the parade, marching proudly. now, suddenly, they are under attack. they are desperate for cover, scrambling to survive. bullets whistle overhead, and there are dead and injured all around. then, in the thick of the danger, terrified civilians run for their lives. the gunme

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, which include the family of one rupert murdoch. he may not have succeeded in buying all of sky, as he once wanted, but he won't be going home empty handed. simon jack, bbc news. state media in iran say the government has summoned the envoys of the netherlands, denmark and britain, accusing their countries of harbouring iranian opposition groups. it follows a deadly attack on a military parade in the south—west of the country, in the city of avahz, near the iraqi border. alanjohnston has the story. a warning, though — you might find some of the pictures in his report distressing. fear and chaos amid the gunfire. moments ago, these soldiers would have been in the parade, marching proudly. now, suddenly, they're under attack. they're desperate for cover, scrambling to survive. bullets whistle overhead, and there are dead and injured all around. then, in the thick of the danger, terrified civilians run for their lives. the gunmen

we have seen comcast willing to outbid fox at other junctures so seen comcast willing to outbid fox at otherjunctures so does mean the smart money is on them?” at otherjunctures so does mean the smart money is on them? i think so. you have to consider that their business is primarily, they are in internet services and have theme parks, but mainly their business is in the us pay—tv market, which is currently undergoing this massive disruption through services such as netflix and amazon. comcast needs to look to new markets and for sky, a similar example to use is what was done with penguin random house. if you of your stake in a business, even though you know it might not be the future of media, you can take those safe revenues and reinvest the capital into riskier digital ventures which ultimately will be the future of your business. given how much has happened so far, some a nalysts a re how much has happened so far, some analysts are suggesting sky is overpriced. could it be the curse of the winner. that is an interesting point. with this rare auction process , point. with this r

comcast missed out on waiting fox. maybe comcast will want to get revenge and win sky. it is a hard one to call. vonnie: this really needs to be videotaped. you can imagine the eyeballs it would receive. it is fascinating. not only do they decide on how much, but also the composition of that. how many possibilities are there? reporter: there is a possibility fox with disney wins. they, with the highest offer and sky shareholders, 61%, currently owned by fox, that goes back. another interesting scenario. comcast could come out with the highest offer, but fox decides not to sell the stake to comcast so we could have a shared ownership between comcast and fox. that creates another dilemma for the independent board of sky. they might decide to recommend the fox offer, even though it is below comcast because they have fox may have an easier shot of getting the deal over the line where is comcast is starting from zero. vonnie: what is the latest word on the street about how rupert murdoch and family are thinking? do they still prefer the disney offer? reporter: i think the mu

comcast may have won, but they had to pay 30 million —— £30 billion. the real winners are the sky shareholders, including the family of one of rupert murdoch. he may not have succeeded in buying all of sky, as he once wanted, but he will not be going home and he handed. iran's supreme leader, ayatollah khamenei has blamed middle—eastern allies of the united states for a deadly attack on a military parade which killed 29 people. the incident took place in the south—west of the country, in the city of ahvaz, near the iraqi border, when gunmen opened fire near a stage set up for the parade. alanjohnston has the story. a warning, though, you might find some of the pictures in his report distressing. fear and chaos amid the gunfire. moments ago, these soldiers would have been in the parade, marching proudly. now, suddenly, they are under attack. they are desperate for cover, scrambling to survive. bullets whistle overhead, and there are dead and injured all around. then, in the thick of the danger, terrified civilians run for their lives. the gunmen had

sky and comcast. comcast was the biggest offer on the table. what will fox do with their 39% of the business? randgold was also up after the deal with barrick. we do not see a lot of oil companies in the gainers. we are in algeria. our focus on oil continues. let us look at the downside. a warning from thomas cook. some companies are moving down in sympathy. the cfo at thomas cook is going. down by 2.7%. ryanair is weaker as well. down by 1.7 percent. let us get a bloomberg first word update from dubai. the u.s.-china trade war has entered a new phase. in a significant escalation, $200 billion of chinese products are now subject to increased levies. at the same time, goods from the u.s. will be subject to chinese tariffs. china called off trade discussions with washington saying they could not happen under the threat of u.s. tariffs. u.s. -- oil prices are higher today after donald trump demanded that opec take action. the group said it would boost output only if customers requested it. , saudi arabia, russia, and their allies signaled less urg

>> just because of the sheer premium comcast has paid for sky. they were pushed into a blind auction on saturday by fox and disney. you know, comcast' brian roberts holed up in london in a hotel as we've been reporting and disney and fox somewhere else in london. you know, trying to compete for this asset and it yielded a huge difference in price between the two, you know, just about 17 pounds from comcast and 15 from fox. so shareholders worried about the amount they paid. is it a question of winner's curse? one of the long-term holders is saying today as we reported on the bloomberg that their buyer clear bridge, they think it is going to work out over the longer term. we'll see. >> i hate to say it this way but the best word i can use, there is any ego at play here given the big deal that comcast hoths out to when it came to the 21st century assets that they lost out to disney? >> some of the people around this deal i have spoken to said brian roberts had to do this. i think it does show in the price paying 17 pounds, a handle i don't think i'

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, including the family of one rupert murdoch. he may not have succeeded in buying all of sky, as he once wanted, but he won't be going home and empty handed. simon jack, bbc news. as we've been reporting iran's supreme leader, ayatollah khamenei, has blamed middle eastern allies of the united states for a deadly attack on a military parade which killed 29 people. the incident took place in the south—west of the country, in the city of avahz, near the iraqi border, when gunmen opened fire near a stage set up for the parade. alanjohnston has the story. a warning, though — you might find some of the pictures in his report distressing. fear and chaos amid the gunfire. moments ago, these soldiers would have been in the parade, marching proudly. now, suddenly, they are under attack. they are desperate for cover, scrambling to survive. bullets whistle overhead, and there are dead and injured all around. then, in the thick of the dange

clearly comcast disagrees? this company clearly comcast disagrees? this com pa ny floated clearly comcast disagrees? this company floated in 1994 and since then has been innovative and has grown and taken risks, it is interesting and symbolic that he is conceding the battle has been won by the new companies and he will take cash off the table. what does this mean? what is the future of sky news, for example? it is good for people to have a variety of sources of news. yes. it was looking bleak for sky news recently but as a result of the regulatory process, sky news will be around for a minimum of ten years, which is good for media plurality, whether it was disney comcast, sky news is fine for now. thanks for coming in. the plates seem to be moving within the media landscape and we appreciate your analysis. the longhand for the wreck of the endeavour, the vessel used by captain cook on a voyage of discovery to australia and new zealand could finally be found. the ship was sunk with 12 others off the coast of america in 1778 when no one knows exactly w

putting comcast in an interesting position. loading the company up with debt at a time where people look at cable companies and say, aren't people cutting cords? >> there's only one thing i love more than deals, media moguls. >> all coming together. >> joel, thank you so much. winner cannot the big and a bidding war with disney over british broadcaster sky. they won the battle with a $39 billion offer in a rare saturday three round auction in london. >> kept us busy over that weekend. investors do not seem to be celebrating. behind the battle lines is our reporter. tolde head of comcast has the story, he was in london in a cab and talking to the cab driver. the cab driver is going into details of sky versus version and what service is at her -- versus version and what service is better. he is thinking, if my cab driver cares this much about how he gets his pay-tv there is something there. he attributes that to the source of his interest. he has been keeping his eye on , this is the culmination of a multiyear process. >> what do

it is sector in flux with the comcast acquisition of sky. the vice president chairman and ceo of liberty global spoke to at hammond in denver about the shifting ground and view from europe. >> content business is going to massive disruption. everybody is making it and wants to be in it, using it for defense, offense, big particle integration moves and consolidation moves. some of it out of fear and some out of need or want to compete with the larger platforms and better global. some of that tribe -- trying to drive scale but it is a local question, contact. we have built regional sports networks and invested in small broadcasters in ireland that we have rebranded and has gone to great. we will be more opportunistic and offensive on capital and do not see need to be defensive and some of these moves feel defensive. >> is big tex not something you spent a can of time -- tech not something you spent time or you about? >> that netflix but other content players. -- in the u.k. was netflix next to bbc and itv and are happier. ott guys, who are lea

this is putting comcast in an interesting position. loading the company up with debt at a time where people look at cable companies and say, aren't people cutting cords? >> there's only one thing i love more than deals, media moguls. >> all coming together. >> joel, thank you so much. comcast cannot the big winner and a bidding war with disney over british broadcaster sky. they won the battle with a $39 billion offer in a rare saturday three round auction in london. >> kept us busy over that weekend. investors do not seem to be celebrating. behind the battle lines is our reporter. >> the head of comcast has told the story, he was in london in a cab and talking to the cab driver. the cab driver is going into details of sky versus version and what service is at her -- versus version and what service is better. he is thinking, if my cab driver cares this much about how he gets his pay-tv there is something there. he attributes that to the source of his interest. he has been keeping his eye on sky, this is the culmination of a multiyear pr

it mean going ahead for comcast? two things to focus on. content, it has now inherited millions of subscribers in europe. sport and series and feels other two main areas. it is not necessarily translate is very popular in terms of sport in america but on the films i do it does. they have spoken about 600 million cost saving in synergy which is what they need to support this huge rise. game of thrones, looking at our story, is one of its most popular shows which is one of the reasons why many have stuck with sky in europe at many are considering moving and this may be a reason why they think they mainly because some may be concerned about the new owner. from sky customers, there is a lot of competition. if you look at the uk and europe, sky really had a monopoly on the alternative media after many years. they had a premium price, monthly subscription way higher than what we see from the us and in particular from netflix. these are distribution channels which have huge valuations but how do they continue to grow subscr

felix: the head of comcast has told the story. going into all these details of sky versus virgin and what service is better. he is thinking, my cab driver cares this much about getting this paid television, maybe we should get in there. he attributes that to his interest. he's been keeping his eye on sky, the culmination of a multiyear process. carol: he's paid a lot of money. felix: a lot of investors are not excited. jason: the stock took a major hit the first trading day after the deal. felix: they will have a hundred billion dollars of debt when this gets done. there's this whole idea of having a big bundle of channels that has come under a a lot of pressure. for brian roberts and comcast, this is the culmination of a process that goes back decades. roberts inherited this company from his father. its roots are in the most provincial american media sense, running wires out to broad -- small towns that could not get broadcast television. when he took over the company, the industry was shifting. comcast has had a hard time shakin

comcast in the lead with an offer of 14.75 pounds. fox backed by disney with an offer of 14 points in fox offer is for 61% of sky that they don't already own. sky shares have been trading well above the highest level for quite some time now suggesting that the investment community firmly believed that higher bids are in the pipeline. >> thank you very much appreciate that. guy petty joins us now as mentioned, the share prices higher than any of those offer force quite some time now. so what's your anticipated price and how high can it go >> you're right. the market is predicting a further uplift, it's effectively out there as an expectation. we think the current price is reflecting the next move what we will say is the final move, probably tomorrow evening sometime, we think probably could be up closer to 16 pounds or 16.50 pounds, which is the fullest price that someone can afford to pay. >> where are you getting that valuation from >> that's what we think the asset could be worth in a positive scenario without much incremental savin

there is another element for comcast. what they want to do is diversified the revenue stream away from the north american pay-tv market. they have other operations as well. they have been keen to expand outside of north america. sky is one of those assets that really comes on the block. now that comcast has control of it, it makes them the number one pay-tv operator in the u k, ireland, germany -- u.k., ireland, in germany. y is upper-class in terms of technology and service. what can brian roberts take from sky and bring back to the u.s. to comcast that he might be able to learn to help make this deal worthwhile? really, it is a 135% premium to the price. it is a massive premium to the price from a couple of years ago. ian: i think the thing to bear in mind is the reason they are taking sky is because of the european market they want. in terms of u.s. market, the reputation of pay-tv in the u.s. market is generally next. if you look at what sky has done in the u k, they have -- u.k .k., they haveu faced netflix. you look

i think comcast have landed this knockout blow, and that's the end of it. a man has been rescued from a ferry, two days after it capsized on lake victoria in tanzania. he's thought to have survived in an air pocket under the upturned vessel. more than 200 people died in the accident. abubakar famau reports from tanzania. an anxious wait from the shore. relatives unable to hold back their tears. she sobs. the ferry capsized two days ago. officials say it was filled four times its maximum capacity. divers resumed their search for survivors today after hearing knocking from inside the vessel, rescuing an engineer. he is said to have survived in an air pocket inside the mv nyerere ferry and is in a serious condition. while some families wait for the news, others have started a difficult process of collecting their relatives and preparing them for burial. angelina's daughter died on board the boat. translation: she was trying to find a job. i work hard to educate her and was relying on her to help me financially in my old age, but this is god's will. the governm

comcast offered 10% more than disney. the share price of sky has gone to meet the price of sky has gone to meet the price this morning which tells us most people think this deal is now done and that comcast will be the new owners of sky. the interesting thing will be, what is fox, rupert murdoch controlled 21st century fox, what would disney do with the 39% of sky it owns? will it sell to comcast giving it full control will use it asa bargaining giving it full control will use it as a bargaining chip to get a 30% in another streaming platform which comcast owns 30% of an disney owns 60% of? a real tussle which has resulted in comcast as new owners. what will the 23 million sky subscribers see? probably not much in the early days. both sides in this battle pledged to fund sky news for at least the next ten years. putting prices up in this white hot competitive market would be very hard. i don't expect sky subscribers to see very much. comcast will be wanting to export what is seen as the best pay—tv model in the world, b

appreciate it. >>> the bidding war for sky is over and comcast is the winner now that comcast, disney and at&t have made big buys, is the media matter madness over? easy for you to say. if so, who got left out in the co ldow lunch" will be right back (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. that everything sticks to stefon diggs's hands?ieve it. no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. cool, huh? yeah. he plays football, huh? yeah. believe it. geico could save you fifteen percent or more on car insurance. >>> two big media mergers today. let's start with the one involving comcast, which is, of course, the parent company of thi

follow along i remain a steadfast buyer even here how about the stock of comcast this one is simple i like comcast because we've seen this movie before they've done two gigantic deals over the years buying at&t broadband in july of 2001 and snapping up nbcuniversal october of 2009. each time it fell 7% as they were viewed as too risky 7% sound familiar that's how much it was down most of the day that short-term verdict and last two buys was overturned by long-term appeal comcast gained 392% since the at&t deal closed beating the s&p 500 which is up 349% over the same period and it's up 425% since the nbcuniversal deal announced crushing the 220% gain from the s&p i think they've earned the benefit of the doubt comcast knows what it's doing. just take a listen to what ceo brian roberts said to me when i interviewed him on opening day on nfl season in philadelphia. >> our job is to not let that distract us from the mission at hand build value for the shareholders if you said what are you most proud ofment my dad took it in 1972 if you bout a thousand share, 7,000, you would have $12 mil

felix: the head of comcast has told the story. he was in london talking to the cab driver, the cab driver is going into these details of sky versus virgin and what service is better. brian roberts is thinking, my cab driver cares this much about getting this paid television, maybe we should get in there. he attributes that to his interest. he's been keeping his eye on sky, the culmination of a multiyear process. carol: he's paid a lot of money. felix: a lot of investors are not excited. jason: the stock took a major hit the first trading day after the deal. felix: they will have a hundred billion dollars of debt when this gets done. this whole idea of having a big bundle of channels has come under a a lot of pressure. for brian roberts and comcast, this is the culmination of a process that goes back decades. roberts inherited this company from his father. its roots are in the most provincial american media sense, running wires out to small towns that could not get broadcast television. when he took over the company, in the the ind

the comcast ceo came out smiling. he said this is a great day for his company, saying sky is a wonderful company with a great platform. we are talking about europe. also digital aspects of that, tremendous brand and management team. also for roberts who is 59 years old, this comes after a string of m&a setbacks tied to him trying to buy the stake from fox. now we know fox is selling those to disney. finally there is a win in his corner. investors are not really sure whether this is a win for them depending on where you stand. taking a look at comcast shares year to date, it has fallen 5%. if you look at fox shares, it is date. year to 24% most recently. you can see the bully and, the lions, the-- bul happiness from investors getting that buy in if you are investing in fox. ? at does comcast get i mentioned they get stuff out of the debt of europe, the u.k., ireland, italy. we are seeing this possible new empire that spans from western united states, california all the way to western europe, germany. roberts says this

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, which include the family of one rupert murdoch. he may not have succeeded in buying all of sky as he once wanted, but he won't be going home empty—handed. simon jack, bbc news. a woman accusing president trump's supreme court nominee brett kavanaugh of sexual assault has agreed to testify against him next week. lawyers for christine blasey ford say she has accepted a request to appear before the senatejudiciary committee to be questioned about the alleged attack at a party in 1982. judge kavanaugh has repeatedly denied the allegations. laybo diseko reports. arriving home accompanied by security, brett kavanaugh, seen here in the red cap, still at the centre of a storm. the conservative judge is donald trump's choice to fill the vacant seat on the supreme court. last week, that seemed almost a certainty, until allegations of sexual assault emerged in the media. christine blasey ford says he tried to rape her when they were teena

sky and comcast. sky is up about 7ov or 8% people wondering whether comcast is verpaid. >> apple is higher didn't really translate to the dow to rest of the s and p the other thing is health care hitting another all time high for the sector it is the best performer for the third quarter today. great trial results really boosting that sector >> thank you very much ringing the bell here. nasdaq is down 180 points on the dow. we are quite near the session lows down about a half a percent on the dow. s&p only down 0.4% back to you. >> welcome to the closing bell i'm sarah here let's take a look at how we are finishing the day. lower mostly across the board. the dow closing with a loss of 181 points pulling back from a record high where it closed just on friday the s and p held down thanks in part to the big bounce we saw in energy stocks. it is up as a group. a big climb in crude oil helping the entire group nasdaq managed to close poz ti technology did fairly well today. all big winners. russell 2000 dow

. >>> comcast has now purchased 36.95% of sky. the u.s. cable giant said they will continue to buy up the stock at 17.28 pounds per share. among the sellers is elliott capital advisers which reduced its stake in the british broadcaster. the hedge fund previously held a 4.3% position. julianna joins us with more. >> this represents significant progress for comcast in terms of their push to reach that key 50% mark just to put this into context, comcast has until october 11th to secure 50% of the deal. so approaching 37% puts them in good stead to get there. in terms of who has been selling to comcast, regulatory filings from elliott advisers, a variety of other hedge funds who have been involved in the deal. certainly a celebratory week for those guys one key outstanding issue is, of course, the fox stake. fox still retains 39% stake. we have not heard from them yet on what they plan to do with it. given comcast is making strides on their own, it doesn't seem at this point the deal closure is dependent on fox >> you and i have been talking t

felix: the head of comcast has told the story. going into all these details of sky versus virgin and what service is better. driver inking, my cab cares this much about getting this paid television, maybe we should get in there. he attributes that to his interest. he's been keeping his eye on sky, the culmination of a multiyear process. carol: he's paid a lot of money. felix: a lot of investors are not excited. the stock took a major hit the first trading day after the deal. they will have a hundred billion dollars of debt when this gets done. there's this whole idea of having a big bundle of channels that has come under a a lot of pressure. comcast, roberts and this is the culmination of a process that goes back decades. roberts inherited this company from his father. its roots are in the most provincial american media sense, running wires out to broad -- small towns that could not get broadcast television. when he took over the company, the industry was shifting. has had a hard time shaking this reputation of being a small town,

it's interesting because we are all talking about what comcast would mean but some a nalysts what comcast would mean but some analysts have said, rupert murdoch is taking back siege commies in his mid—80s... and is taking back siege commies in his mid—80s. .. and i is taking back siege commies in his mid—80s... and i thought, i don‘t think so at all. star india has gone, james fox has moved out of the business is now fox is the business ofjames business is now fox is the business of james murdoch and business is now fox is the business ofjames murdoch and the other son, lachlan. i imagine they are putting in some money, comcast paid to get this deal over the line, it‘s crystallised a lot of profit for the murdochs and i imagine that mr murdochs and i imagine that mr murdoch and his son will not be too slow and putting that money to use. all part of the wider plan. the us central bank raised rates on wednesday for the third time this year and meanwhile the ballot sheets seems to be shrinking, just as uncle sam is shrinking gets, what other problems facing the economy?” sam is s

comcast wanted to spy sky to help diversify a way in the united states. increasingly, it is hard to grow there against the online streaming. they have new rivals like amazon, netflix and hulu. and sky will allow them to do just that with the distribution network of 23 million customers as well as content, very valuable things like premier football right now and the own online stream service nowtv. comcast may have won this bid, but it is not quite signed, sealed and delivered yet. next, comcast and fox have to initially announce the final bidding office before they do that at 7:00 a.m. before the market opens. they have published documents to that effect on thursday. then over to sky, they will recognize comcast, i imagine, and they have until october to approve this deal. anna stewart, cnn, london. >>> and britain's opposition leader is out with a challenge to prime minister theresa may. >> the government is saying they will not give to the brexit talks. >> now they are getting ready for a general potential election. >> we will challenge this government

now to sky and comcast, which got a bidding war victory. it is on the pricey and to a prolonged bidding war for europe's largest satellite broadcaster. seal.bring in thomas we have put our judgment saying it is pricey but it is one of the questions people are asking -- did comcast pay too much? >> it exceeded the estimates of m&a analyst and those we spoke to before the weekend, and comcast shares have slid year to date. it will be interesting to see what they do in the u.s. open, it was certainly way above what fox was willing to pay. >> a lot of people will say what did comcast get for this? it isory that i read -- technology and content, and there's a lovely title on our --ry this morning which was "paying up and looking large, or is it just folly to pay this much to go head-to-head?" which do you reckon? >> people pay a lot more than need to make that decision, but they are paying for a lot of subscribers, nearly doubling their base. the ceo spoke about it very highly, and it is going to completely change the shape of the company, 25% e

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, which include the family of one rupert murdoch. he may not have succeeded in buying all of sky as he once wanted, but he will not be going home empty—handed. a teenager has died after being shot in east london. the nineteen year old was taken to hospital after the incident in walthamstow late yesterday evening, where he was pronounced dead. no—one has been arrested and police are now appealing for witnesses. police in london are appealing for the public‘s help to find a missing woman and her son. sacha dedman, who is 43, went missing from her home in plumstead yesterday, along with her 5 year old son, sonny. it's believed they could be driving a white vauxhall corsa. iran's president, hassan rouhani, has accused american—backed gulf states of supporting the attackers who carried out yesterday's assault on a military parade. 25 people, including 12 revolutionary guards, were killed in one of the worst attacks against the e

comcast may have won, but they had to pay £30 billion. the real winners this weekend are the sky shareholders, which include the family of one rupert murdoch. he may not have succeeded in buying all of sky as he once wanted, but he won't be going home empty—handed. simon jack, bbc news. a british man who says he is a pharmacist from birmingham has been detained in syria on suspicion of being a member of the islamic state group. kurdish forces captured anwar miah in the eastern province of deir al—zour a month ago. a video of his capture has surfaced on twitter and shows mr miah saying he has lived in syria for nearly four years and that he worked as a medic for the terror group. it is believed he is now being held in a prison in northern syria, guarded by us special forces. a murder investigation has been launched after a 19—year—old man died after being shot in east london last night. two other people were also seriously injured in the incident in walthamstow at around 11 o'clock. nobody has been arrested. there have been more th