|Bid||12.630 x 70000|
|Ask||12.694 x 70000|
|Day's range||12.259 - 12.537|
|52-week range||10.465 - 13.395|
|PE ratio (TTM)||-32.99|
|Dividend & yield||0.20 (1.67%)|
|1y target est||N/A|
Mario Gabelli is optimistic about multimedia stocks.
Sky (Frankfurt: 893517 - news) , the owner of Sky News, today reacted with disappointment following a further delay to its proposed takeover by the US media giant 21st Century Fox. Karen Bradley, the Secretary of State for Culture, Media and Sport, said she was not yet in a position to make a final decision on whether to send the deal for a full investigation by the British competition authorities. Ms Bradley has already said she is "minded to" refer Fox's bid for Sky to the Competition & Markets Authority (CMA) for a so-called 'Phase 2' investigation on the grounds of media plurality.
The would-be buyer of Sky (Frankfurt: 893517 - news) , the owner of Sky News, will have to wait longer before its takeover bid can be fully scrutinised by competition watchdogs, it emerged today. Karen Bradley, the Secretary of State for Culture, Media and Sport, told MPs (BSE: MPSLTD.BO - news) she had not yet decided whether or not to refer 21st Century Fox's bid for Sky to the Competition & Markets Authority for a so-called 'Phase 2' investigation. Ms Bradley has already said she is "minded to" refer the deal to the watchdog on the grounds of media plurality and confirmed today that this was still the case.