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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Sky    SKY   GB0001411924

SKY (SKY)
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Sky : Milan court suspends Serie A TV rights tender after Sky's request

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04/16/2018 | 02:12pm CEST
Sky logo is seen at the exterior of the Sky Italia buildings on the outskirts of Milan

MILAN (Reuters) - Sky's (>> Sky) Italian unit said on Monday a Milan court had suspended the tender for TV rights of Italy's top flight Serie A soccer matches put on sale by Spain's Mediapro until May 4.

MILAN (Reuters) - Sky Italian unit said on Monday a Milan court had suspended the tender for TV rights of Italy's top flight Serie A soccer matches put on sale by Spain's Mediapro until May 4.

Italy's Serie A soccer league in February accepted an offer for the rights to air matches for the 2018-21 seasons by Spanish broker Mediapro at just above 1.05 billion euros ($1.30 billion).

Offers from broadcasters interested in buying the rights were initially expected by April 21.

Sky Italia said it had requested a Milan-based court to verify whether Mediapro's tender respected Italian laws.

"The tender by Mediapro... rises so many perplexities, making it necessary to verify its legality before presenting any important offers," Sky Italia added in the statement.

(Reporting by Elvira Pollina; writing by Giulia Segreti)

Stocks treated in this article : Mediaset, Sky
Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET -1.21% 2.773 End-of-day quote.-14.15%
SKY -1.47% 1508.5 Delayed Quote.49.06%
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Financials (GBP)
Sales 2018 13 589 M
EBIT 2018 1 550 M
Net income 2018 1 016 M
Debt 2018 6 072 M
Yield 2018 2,33%
P/E ratio 2018 26,65
P/E ratio 2019 24,48
EV / Sales 2018 2,38x
EV / Sales 2019 2,24x
Capitalization 26 318 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 14,0  GBP
Spread / Average Target -7,2%
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Managers
NameTitle
David Jeremy Darroch Chief Executive Officer & Executive Director
James Rupert Murdoch Chairman
Andrew John Griffith Director, Chief Operating & Financial Officer
Didier Lebrat Chief Technology Officer
Martin James Gilbert Deputy Chairman
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