Statement From 21st Century Fox Regarding the Approval of the Secretary of State for Digital, Culture, Media and Sport and Satisfaction or Waiver of All Pre-Conditions
13/07/2018
New York, NY, July 12, 2018 - 21st Century Fox ( 21CF ) notes today's announcement by the Secretary of State for Digital, Culture, Media and Sport (the UK Secretary of State ) approving the proposed acquisition by 21CF for the fully diluted share capital of Sky which 21CF and its Affiliates do not already own (the Acquisition ), subject to undertakings accepted under paragraph 9 of Schedule 2 of the Enterprise Act 2002 (Protection of Legitimate Interest) Order 2003. 21CF also announces that it has, with the written consent of the Independent Committee of Sky, waived the element of the pre-condition concerning approval of the UK Secretary of State which required the expiry of the time limit within which an application to the Competition Appeal Tribunal may be made.
Therefore, following (i) today's approval by the Secretary of State, subject to undertakings accepted under paragraph 9 of Schedule 2 of the Enterprise Act 2002 (Protection of Legitimate Interest) Order 2003; and (ii) the waiver of the element of the final outstanding pre-condition which required the expiry of the time limit within which an application to the Competition Appeal Tribunal may be made, all regulatory pre-conditions to the Acquisition have now been satisfied or waived.
About 21st Century Fox
21st Century Fox is one of the world's leading portfolios of cable, broadcast, film, pay TV and satellite assets spanning six continents across the globe. Reaching more than 1.8 billion subscribers in approximately 50 local languages every day, 21st Century Fox is home to a global portfolio of cable and broadcasting networks and properties, including FOX, FX, FXX, FXM, FS1, Fox News Channel, Fox Business Network, FOX Sports, Fox Sports Network, National Geographic Channels, Star India, 28 local television stations in the U.S. and more than 350 international channels; film studio Twentieth Century Fox Film; and television production studios Twentieth Century Fox Television and a 50 per cent ownership interest in Endemol Shine Group. The Company also holds approximately 39.1 per cent of the issued shares of Sky, Europe's leading entertainment company, which serves nearly 23 million households across five countries. For more information about 21st Century Fox, please visit www.21CF.com.
Enquiries
Investors
Reed Nolte
1 212-852-7092
Mike Petrie
1 212-852-7130
Media
Nathaniel Brown
1 212-852-7746
Miranda Higham
44 207-019-5632
Further information
Reference is made to the announcement made on 15 December 2016 by the 21st Century Fox Board and the Independent Committee of Sky that they had reached agreement on the terms of a recommended pre-conditional cash offer by 21st Century Fox for the fully diluted share capital of Sky which 21st Century Fox and its Affiliates do not already own. The full terms and conditions of the Acquisition are set out in the announcement which was published on 15 December 2016 (the Original Offer Announcement ), as amended by the terms and conditions of the Acquisition set out in the increased offer announcement which was published on 11 July 2018 (the Increased Offer Announcement ). Terms used but not defined in this announcement (the Announcement ) have the meanings given in the Original Offer Announcement or the Increased Offer Announcement unless the context requires otherwise.
This Announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer or invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition or otherwise. The Acquisition will be implemented solely pursuant to the terms of the Scheme Document, which will contain the full terms and conditions of the Acquisition, including details of how to vote in respect of the Acquisition. Any decision in respect of, or other response to, the Acquisition should be made only on the basis of the information contained in the Scheme Document. Sky Shareholders are advised to read the formal documentation in relation to the Acquisition carefully once it has been dispatched.
This Announcement does not constitute a prospectus or prospectus equivalent document.
Overseas jurisdictions
The release, publication or distribution of this Announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about, and observe any applicable requirements. In particular, the ability of persons who are not resident in the UK to vote their Sky Shares with respect to the Scheme at the Court Meeting, or to execute and deliver forms of proxy appointing another to vote at the Court Meeting on their behalf, may be affected by the laws of the relevant jurisdictions in which they are located. This Announcement has been prepared for the purpose of complying with English law and the City Code and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws of jurisdictions outside the UK. Sky Shareholders who are in any doubt regarding such matters should consult an appropriate independent advisor in the relevant jurisdiction without delay. Any failure to comply with such restrictions may constitute a violation of the securities laws of any such jurisdiction.
Unless otherwise determined by 21st Century Fox or required by the City Code, and permitted by applicable law and regulation, the Acquisition will not be made ava
LINK: | https://www.21cf.com/news/21st-century-fox/2018/statement-from-21st-ce... |
See more stories from foxinternational |
Europe Stories
03/06/2024
Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with URSA Broadcast G2
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
28/03/2024
No votes for all
Out of an estimated 20,000 journalists in Pakistan, less than one thousand are women according to a recent Gender Disparity Report published by the Internationa...
28/03/2024
The 4K cameras giving audiences an astronaut's view of Earth
TVBEurope meets Charles Black, founder and CEO of Sen, which has sent a payload of 4K cameras to the ISS to livestream images of Earth to audiences around the w...
28/03/2024
VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility
28 Mar 2024 VEON Pays Back Outstanding Balance and Cancels its Revolving Credit Facility Amsterdam, 28 March 2024, 09.30 CET - VEON Ltd. (Nasdaq: VEON, Euronex...
28/03/2024
Rohde & Schwarz first to show measurements on novel Bluetooth Channel Sounding signals for positioning accuracy
Rohde & Schwarz first to show measurements on novel Bluetooth Channel Sounding ...
28/03/2024
Julia Rodgers Joins Riedel Communications as Southeast Regional Sales Manager, Bringing Decades of Industry Expertise
Wuppertal March 28, 2024 Julia Rodgers Joins Riedel Communications as Southeas...
28/03/2024
Thales speeds up its development of AI for defence
Facebook Twitter LinkedIn Thales, Europe's leading high-tech company in the civil and defence fields, has announced the creation of cortAIx, which bri...
27/03/2024
UKTV sets up second series of Dream Car Fixers for Yesterday and UKTV Play
Wednesday 27 March 2024 - UKTV has commissioned a second series of Dream Car Fixers (6x60) for leading factual channel Yesterday and free streaming service UKTV...
27/03/2024
Paving the Way' for Spotify's NextGen Scholarship Recipients
Spotify is committed to amplifying the voices of underrepresented groups, and that starts with empowering the creators who will shape our industry's future....
27/03/2024
I knew there were cameras, lighting, some buttons and microphones involved': How Crew Room Academy is inspiring the next generation
TVBEurope hears from some of the students who took part in Crew Room Academys Sc...
27/03/2024
Adobe reveals Gen AI solutions for content supply chain
Elsewhere, Adobe revealed a new feature in Adobe Firefly, which uses the companys generative AI to easily apply the structure of an existing image to newly gene...
27/03/2024
Best of Show Awards for 2024 NAB Show entries close soon
The awards, from industry-leading brands of Future plc, provide a great opportunity for companies to stand out at one the most attended shows in the industry B...
27/03/2024
Meet the director of IT and operations
By TVBEurope Staff Published: March 27, 2024 Updated: March 28, 2024 CueScript's director of IT and operations, Meghan Tyler, tells TVBEurope about h...
27/03/2024
2023 Annual Report Publication
Ad hoc announcement pursuant to Art. 53 LR Cheseaux-sur-Lausanne, Switzerland, and Phoenix (AZ), USA, March 27 2024 - The Kudelski Group has published its 2023...
27/03/2024
ALOFT AeroArchitects equips private Boeing Business Jet aircraft with Eutelsat OneWeb's LEO satellite connectivity service
Photo credit: ALOFT AeroArchitects Press release - 27 March 2024 12:27 ALOFT...
27/03/2024
Dalet Showcases AI-Enabled Production, Automation and Monetization at NAB 2024
Dalet, a leading technology and service provider for media-rich organizations, today announced its 2024 NAB showcase (booth #W1713). Attendees can experience fi...
27/03/2024
Cinegy Multiviewer 24.2 - Scales of Efficiency
SL6031, NAB Show, Las Vegas, 14-17 April 2024: Cinegy, the premier provider of software defined television technology for digital video capture, processing, ass...
27/03/2024
PERCEVAL: Thales and partners reshape the future of airline pilot training
Facebook Twitter LinkedIn Thales has formed a consortium with ENAC, lENS Paris-Saclay, Simaero, AviaSim and Corsair to develop a tooled methodology for ev...
27/03/2024
Advocacy in Action: Creating a future where public service media thrive
Advocacy in Action: Creating a future where public service media thrive...
27/03/2024
EBU calls on MEP candidates to Do the next right thing for media and democracy!'
EBU calls on MEP candidates to Do the next right thing for media and democracy!...
27/03/2024
The media industry gave away the keys to the kingdom once - that shouldn't happen again
The media industry gave away the keys to the kingdom once - that shouldn't h...
26/03/2024
Sube la temperatura con las canciones del verano 2024 en Argentina y Brasil
De diciembre a marzo, cuando los ciudadanos del hemisferio sur disfrutan del verano, la m sica se convierte en una poderosa representaci n de las culturas y cos...
26/03/2024
Aumente o Som com as Msicas do Vero de 2024 da Argentina e do Brasil
De dezembro a mar o, medida que as pessoas em todo o Hemisf rio Sul aproveitam o ver o, a m sica surge frequentemente como uma representa o poderosa das cult...
26/03/2024
Turn Up the Heat With Argentina's and Brazil's 2024 Songs of Summer
From December to March, as people across the Southern Hemisphere soak up the summer, music often emerges as a powerful representation of a region's cultures...
26/03/2024
A Collaboration With Panavision: Pedro Luque, SCU
Cinematographer Pedro Luque, SCU's credits include the features Body Cam, Antebellum and director J.A. Bayona's Best International Feature Oscar-nominat...
26/03/2024
China's Leading Mobile Operators First To Commercially Launch New Fraud Reducing Password Service, After Receiving GSMA Open Gateway Certification
GSMA welcomes CITIC Telecom, Huawei and ZTE as Channel Partners 26 March 2024, Beijing: China's three leading mobile operators - China Mobile, China Telec...
26/03/2024
China's 5G market is set to add almost $260 billion to the Chinese economy in 2030 with connections set to top 1 billion this year
At the Post-MWC Sharing Event in Beijing, leaders from the GSMA contextualised t...
26/03/2024
Crown Works Studios moves forward following council approval
The studios are expected to be one of the largest in Europe, with 20 premium sound stages suitable for major feature film and high-end TV (HETV) productions By...
26/03/2024
The Slovak democracy must not be dismantled in silence
The Slovak democracy must not be dismantled in silence...
26/03/2024
VEON announces sale of stake in Beeline Kyrgyzstan, increasing the focus on its large markets
26 Mar 2024 VEON announces sale of stake in Beeline Kyrgyzstan, increasing the ...
26/03/2024
embedded world 2024: Rohde & Schwarz presents its cutting-edge test solutions for embedded systems
embedded world 2024: Rohde & Schwarz presents its cutting-edge test solutions fo...
26/03/2024
Riedel and TSL Provide Cost-Effective, High-Quality Video Routing and Control for Leading Financial Corporation
Wuppertal March 26, 2024 Riedel and TSL Provide Cost-Effective, High-Quality V...
26/03/2024
IBM Announces EMEA Geography Winners of the 2024 IBM Partner Plus Awards
London, UK, March 26, 2024 Today, IBM (NYSE: IBM) announced the EMEA geography winners of the 2024 IBM Partner Plus Awards, which celebrate IBM partners who a...
26/03/2024
Eutelsat OneWeb services activated for enterprise and maritime in Australia and New Zealand through Sat One partnership
Photo credit: GETTY IMAGES Press release - 26 March 2024 11:29 Eutelsat OneW...
26/03/2024
2024-03-26
CUPERTINO, CALIFORNIA Apple today announced it will host its annual Worldwide Developers Conference (WWDC) online from June 10 through 14, 2024. Developers and ...
25/03/2024
Spotify Tests Video-Based Learning Courses in the UK
Today we're launching a test for video-based courses on Spotify in the U.K. We've partnered with educational tech companies including BBC Maestro, PLAYv...
25/03/2024
NEP Australia expands IP and remote production with Calrec Argo
NEP Australia expands its IP and remote production capabilities with first install of Calrec Argo consoles NEP Australia, a division of NEP Group and a prominen...
25/03/2024
NAB 2024 Preview | Why attend NAB 24?
NAB 2024 Preview | April 14 -17 | Booth C6307 | Las Vegas Convention Center We're looking forward to meeting up with customers and partners at the 2024 NAB ...
25/03/2024
Blackbird adds indexing and AI auto sequencing to video editing platform
Twelve Labs AI will enable editors to locate specific storytelling moments within their video content using natural language, said the companies By Jenny Pries...
25/03/2024
Meet the director of strategic marketing
By TVBEurope Staff Published: March 25, 2024 Updated: March 26, 2024 Bruno Fran on, director of strategic marketing at Backlight, talks to TVBEurope abou...
25/03/2024
With the EMFA, the EU has a new toolbox to prevent governments from taking over the media
With the EMFA, the EU has a new toolbox to prevent governments from taking over ...
25/03/2024
Schneider Electric Named Champion in Canalys EMEA Titans Channel Leadership Matrix for the Fifth Consecutive Year
Home News & Press Releases Spokespeople Assets Blog Contact us ...
22/03/2024
SGL Carbon achieves annual targets for 2023 and invests more in growth markets
In fiscal year 2023, SGL Carbon achieved the sales and earnings targets set at the beginning of the year despite the drop in demand from the important wind mark...
22/03/2024
Grass Valley secures $220 million in strategic refinancing
The company said it intends to accelerate innovation across its entire portfolio, most notably in the AMPP ecosystem following the refinancing By Jenny Priestl...
22/03/2024
RT kicks off Guinness Women's Six Nations coverage with France v Ireland
Watch all the games live across RT and Virgin Media Television from Saturday 23rd March All Ireland games live on RT Radio The Guinness Women's Six Nat...
22/03/2024
Telenor releases its Annual report for 2023
1 minute read Share alt=Alternative descriptive text class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> Our digital lives are becomi...