Sky boosted by strong results amid battle for control
Sky has reported strong quarterly results in a boon to shareholders anticipating a bidding war between Fox and Comcast for the UK pay-TV broadcaster.
Thanks to shows like 'Game of Thrones', Sky added 38,000 new customers in the three months ended March 31. Nine-month like-for-like revenue rose 5pc to £10.1bn (€14.3bn). "No matter what happens to the ownership over the next few months, we all feel that Sky's a business in a strong position," said CEO Jeremy Darroch.
Sky's shares rose 0.6pc to £13.16 at 8.15am in London, a 5.3pc premium to Comcast's proposed offer. (Bloomberg)