While Comcast just scored a big victory against Rupert Murdoch’s Fox in winning ownership of European pay-TV operator Sky, traders were not celebrating. The stock lost about 8% in Monday trading on the news. Pending Sky shareholder approval, Comcast will be paying £17.28 (about $22.70) in cash per Sky share. This comes to roughly a … Continue reading “Comcast Wins Bid for Sky But Shares Drop Anyway”
