SKT Sky Network Television Limited.

[jimdog31]

remember this disclosure?

http://nzx-prod-s7fsd7f98s.s3-websit...298/348702.pdf

The timing of that has to be related to this deal/offer.

Whats the latest on the silver lake deal??

I wonder if the move on sky was to force pressure on the all blacks deal? maybe thats why this was “highly conditional” ie it was (or is) conditional on the all blacks/silverlake thing happening?

[winner69]

I think Sophie’s strategy is to sack everybody so she becomes indispensable and keeps her job

All for Sophie ….shareholders not considered

[Monarch]

I think Sophie’s strategy is to sack everybody so she becomes indispensable and keeps her job

All for Sophie ….shareholders not considered

"Cost cutting". Each chief of nothingness they let go is a few hundred thousand extra ebitda for us hungry, sad, bored shareholders.

[nztx]

I think Sophie’s strategy is to sack everybody so she becomes indispensable and keeps her job

All for Sophie ….shareholders not considered

Maybe Ogg could be hoping to fill one of the vacancies

Perhaps they need a new strategist to sell everything a bit faster ?

[mistaTea]

What do the brokerage houses value Sky at now anyway?

I know Morningstar has $3/share…

[Muse]

Just finished watching a Saturday Night Live skit with Kieran Culkin (from succession) on what its like to cancel your cable tv. Pretty much resembles my experience cancelling Sky!!

[Muse]

Monday 8 November:

10:00am: Trading halt
10:05am: Pooman announces resignation
10:15am: Special shareholder meeting convenes
(No need for paperwork as recent constitution amendment allows everything do be done electronically)
10:30am Ogg elected Chairman10:31am: Joan and Jimdog appointed directors
10:32am: Sophie replaced by MistaTea as CEO
10:33am: Details of Atairos offer made public
10:40am: Handley instructed to sell back shares at original purchase price or face further action.
10:45am: Colliers contract terminated
10:50am: Purchase of 34A Leonard Rd commences.
11:00am: Huge Zoom meeting with CEOs of Comcast, Warner, Vodafone, Two Degrees, Vocus, and Foxtel all present.
11:45am: Deal ironed out before lunch.
12:00pm: Break for lunch.
12:30pm: Sale of 34A Leonard Rd goes unconditional
1:00pm: Lawyers finish drafting takeover deal
1:05pm: Takeover deal presented to shareholders via NZX announcement - $5.00 offer excluding properties.
1:30pm: Scheme booklet released.
2:00pm: Shareholders vote on deal
2:15pm: Deal binding
2:30pm: Zoom meeting with CEO of Ocean Healthcare about Sky properties
3:00pm: Unconditional sale of Sky HQ to Oceania Healthcare for $200m.
3:30pm: Funds received from Oceania Healthcare
3:45pm: Trading resumes on NZX for 15mins.
4:00pm: Trading halt (Record date for takeover and property deal)
4:30pm: All funds transferred to shareholders accounts
4:59pm: Sky Network Television liquidated and removed from NZ Companies Website
5:00pm: Huge GIF party on Sharetrader!!

Good 7 hours work!
Given that was a monday you have 4 other companies on the nzx you can attend to for the rest of the week

[mistaTea]

Monday 8 November:

10:00am: Trading halt

10:32am: Sophie replaced by MistaTea as CEO

11:00am: Huge Zoom meeting with CEOs of Comcast, Warner, Vodafone, Two Degrees, Vocus, and Foxtel all present.
11:45am: Deal ironed out before lunch.

Can't wait to start my new role!

And it will be fun to lead the Zoom meeting so that I can thump the table and get a favourable deal done.

All of those parties will have interest in Sky for different reasons.

The Market does not love Sky as a standalone business, and probably never will.

So how about this lot start pulling finger and actively assess M&A opportunities, and then pick the best one.

[mistaTea]

Foxtel is going gangbusters and primed for a huge float at a massive valuation. Newscorp just had their quarter results on Friday. News coverage below:

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https://www.afr.com/companies/media-...0211105-p5968l
https://www.mediaweek.com.au/news-co...company-split/

These guys will probably want to list first to get maximum $$$ from the IPO hype for the current owners.

Then I could see them looking to pick up SNT.

And if Sky has been taken private by PE before then, no skin off Fotel's nose. I am sure the PE owners will be willing to sell SNT to Foxtel in the next year or two for a fast return.

[airedale]

After all that feverish speculation at the weekend only 30,132 shares traded so far today. Is it the calm before the storm? Is Sophie cracking the Whip? is Joan doing the numbers for a boardroom coup?