Originally Posted by
Ogg
It would be great if NBCUniversal (Comcast) entered the bidding. However, I feel like Infratil would have this all sewn up quickly (if they are smart).
It's likely Infratil are already sitting on a 4.9% stake of Sky via UBS's involvement in the the recent placement.
After they announce a take over offer, at say 22, the stock will jump and heavy trading will commence. Infratil will then be able to accumulate on market the remaining 5.1%, thus taking them up to over 10% and blocking a take over from a competitor or at the very least, making it difficult.
As much as I want Comcast to enter a bidding war, they are just too slow and incompetent and likely see NZ as a small and insignificant market. It's more likely Infratil will buy Sky, and then Comcast will buy Sky off Infratil.
What ever happens, I'm not selling my shares until I'm forced to.