The Disney-to-buy-Fox as Fox-to-buy-Sky plan threatened by Comcast all cash bid for Fox

by | May 24, 2018 | Finance, Seradata News

During April, media mogul Rupert Murdoch and his family made a last minute attempt to convince regulatory authorities to let his Twenty First Century Fox firm take full control of Sky TV – a satellite broadcaster increasingly turning on line for its delivery.  The idea was that he would sell his Sky News firm to film and TV giant Disney ahead of this deal, to convince the UK authorities he would not have too much media power. The Fox acquisition of Sky would ahead of Disney’s own buy out of the non-print elements of Fox empire including Sky.  However, all that is history as Comcast, a US cable television provider, has now made its own cash offer to top the Disney US$52.4 billion agreed all share deal between Disney and Fox.

Originally Comcast made a bid against Fox, for Sky itself, before going for all of the TV and Film business of Fox.  While Disney’s original offer for Fox was agreed in principle, it may up this to hold off the Comcast bid which may be up to US$60 billion.

Disney’s retelling of the “Sleeping Beauty” fairy tale. Courtesy: Walt Disney

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