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Travers Smith advises on £22bn Comcast bid for Sky


Travers Smith LLP Corporate Partner Richard Spedding and Head of Finance Matthew Ayre have advised Robey Warshaw in its capacity as financial adviser to Comcast on its cash offer for Sky plc, formally announced on 25 April 2018.

The cash consideration payable under the offer is being financed by an unsecured bridge credit agreement of up to £16bn and an unsecured term loan credit agreement of up to £7bn. The transaction is the latest in a line of cash confirmation mandates for Travers Smith over the last 12 months.

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