{"id":65900,"date":"2018-09-26T01:17:09","date_gmt":"2018-09-26T05:17:09","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65900"},"modified":"2018-09-26T01:17:09","modified_gmt":"2018-09-26T05:17:09","slug":"hedge-funds-hit-the-sky-jackpot-as-comcast-lands-knockout-bid","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2018\/hedge-funds-hit-the-sky-jackpot-as-comcast-lands-knockout-bid.html","title":{"rendered":"Hedge Funds Hit the Sky Jackpot as Comcast Lands Knockout Bid"},"content":{"rendered":"<p>\n(Bloomberg) Comcast Corp.\u2019s knockout bid for British pay-TV company Sky Plc delivered a jackpot to hedge funds including Baupost Group, Elliott Capital Advisors LP and D. E. Shaw &#038; Co. that had placed big bets on the broadcaster. The offer netted Sky\u2019s top 10 independent shareholders a collective 730 million pounds ($959 million) over the weekend, according to data compiled by Bloomberg. Seth Klarman\u2019s Baupost, which a year ago disclosed that it held more than 1 percent in Sky, has made a 95 percent internal rate of return by doubling down on its investment, according to analysis by Bloomberg.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-24\/hedge-funds-hit-the-sky-jackpot-as-comcast-lands-knockout-bid\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Comcast Corp.\u2019s knockout bid for British pay-TV company Sky Plc delivered a jackpot to hedge funds including Baupost Group, Elliott Capital Advisors LP and D. E. Shaw &#038; Co. that had placed big bets on the broadcaster. The offer [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65900","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=65900"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65900\/revisions"}],"predecessor-version":[{"id":65901,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65900\/revisions\/65901"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}