Comcast focuses its attention on taking over Sky

Comcast drops bid for 21st Century Fox assets

Those would be spun off into a new company, and Disney would acquire 21st Century Fox after the spinoff. Fox will maintain control of the main Fox broadcasting network, along with Fox Sports 1 and Fox Sports 2 and the Fox News cable network.

Disney launched its offer for Fox's assets last December at $52.4 billion as the Murdoch family announced they would reorganize to focus on Fox News, the Fox broadcast network and some sports operations.

The US cable giant said that it would now concentrate on attempting to buy the United Kingdom pay-TV broadcaster Sky instead.

Last week Comcast boosted its offer for European pay TV service Sky to $34 billion after Twenty-First Century Fox increased its bid to $32.5 billion.

Fox's current bid for the remaining shares of Sky would add $19.5 billion to Disney's acquisition costs, Greenfield calculates. Now the way is clear for Disney to own X-MEN, DEADPOOL, networks like National Geographic and FX, as well as Fox's 30% stake in Hulu, giving Disney a controlling 60% stake.

Comcast's chances of buying Fox got even worse on June 27 when the Department of Justice gave its approval to the Disney/Fox deal.


While an acquisition of Britain's Sky, a broadcaster of sports, films and TV shows to 23 million homes across Europe, would significantly diversify Comcast's business overseas, it would do little to give it scale in its core USA market.

The Justice Department has said it will appeal a federal judge's decision approving the AT&T/Time Warner deal, which could make future so-called vertical mergers hard to pass regulatory muster. And asked Thursday morning if the Comcast announcement in any way diminished Fox's appetite for Sky, a Murdoch spokesman emailed to NPR a one-word response: "Nope". Well, Murdoch is one of the major shareholders of Sky as well, so read into that what you will.

Not every analyst is sold on the purported benefits of Sky to Comcast.

But Fox is now serving as a stalking horse for Disney's interest in Sky.

For Comcast, a Sky deal would make it the world's largest pay-TV operator - it is already the biggest in the USA - and at a stroke reduce its nearly total dependence on the United States for revenues.

Related News:

  • Sacked Chelsea coach Antonio Conte issues statement

    Sacked Chelsea coach Antonio Conte issues statement

    Conte was axed 55 days after winning the FA Cup in his final match and despite overseeing pre-season training earlier last week. Conte joined Chelsea in 2016 and led them to the league title in his debut season along with an FA Cup triumph last campaign.
    Beyond the trade war, US and China fight for economic supremacy

    Beyond the trade war, US and China fight for economic supremacy

    The US trade deficit in goods with China ballooned to a record $375.2-billion previous year , further stoking Trump's ire. Canatella says since the trade dispute began, he's lost about $100,000 dollars just because of market uncertainty.
    Trump mocks #MeToo, calls senator 'Pocahontas' during campaign stop

    Trump mocks #MeToo, calls senator 'Pocahontas' during campaign stop

    The visit comes less than two weeks after his eldest son, Donald Trump Jr ., campaigned for Rosendale in the city of Billings. Trump isn't prepared for his upcoming meeting next week with Russian President Vladimir Putin in Helsinki, Finland.
  • Here's Why Google Has to Pay a $5 Billion Android Antitrust Fine

    Here's Why Google Has to Pay a $5 Billion Android Antitrust Fine

    Google prevented Android phone makers from selling devices that run "forked" versions of the operating system. The ecosystem carries all the properties needed for a fair competition - "rapid innovation and lower prices".
    Belgium vs. England - Football Match Report

    Belgium vs. England - Football Match Report

    His decision-making in the final third remains erratic, but he was unlucky not to be given more than 45 minutes to make an impact. GK Thibaut Courtois , 7 - Now the most capped Belgian goalkeeper ever with 65.
    Croatia v England watched by 1m in Wales

    Croatia v England watched by 1m in Wales

    Mandzukic scored in extra time to make it Croatia 2-1 England . "The World Cup may never open up so obligingly again", the paper said.
  • Georgia cops caught on bodycam ‘flipping coin to decide arrest’

    Georgia cops caught on bodycam ‘flipping coin to decide arrest’

    The news outlet reported Webb was pulled over for a traffic stop this past April for allegedly speeding past a police cruiser. As a result, the cops are on administrative leave during an internal affairs investigation - and Webb's charges were dropped.
    One dead after helicopter crashes into Virginia house

    One dead after helicopter crashes into Virginia house

    The Federal Aviation Administration tweeted that Aviation Safety Inspectors arrived in Williamsburg at about 7:30 p.m. The crash happened near the College of William and Mary Dillard Complex, prompting an alert from the university.
    Calls to ‘abolish ICE’ are ignorant and inane

    Calls to ‘abolish ICE’ are ignorant and inane

    Trump then asked how Democrats "can do well in November" given they are, according to him, "weak on the Border and weak on Crime". The reason ideas like this never get anywhere is that most Americans see these agencies as having vital missions to perform.
  • Pretty Good Rain Chance this Week

    Pretty Good Rain Chance this Week

    Scattered showers and storms will develop along I-75 this morning and continue to push inland and across I-95 this afternoon. As a more northwesterly wind kicks in, the humidity will be noticeably lower for the remainder of the week.
    Man proposes to girlfriend during Taylor Swift meet and greet in Philadelphia

    Man proposes to girlfriend during Taylor Swift meet and greet in Philadelphia

    Taylor Swift looked as surprised as the future bride at the proposal. I made a decision to get my second tattoo representing the album.
    Supreme Court nominee Kavanaugh is a BIG baseball fan

    Supreme Court nominee Kavanaugh is a BIG baseball fan

    Justice Kennedy, who was often considered the swing vote, occupies a far more liberal position in the system than Kavanaugh does. Claire McCaskill, released a 30-second television ad focused on the Supreme Court and warning that "our way of life is at risk".


Most liked

Bryce Harper wins Home Run Derby in home park
The event simply lacked the kind of star power that it regularly featured in the past, which might not bode well for the future. Aguilar entered with 24 homers, good for the most in the National League and the most among 2018 Home Run Derby participants.

In Russia, meeting with Trump seen as strong win for Putin
Monday's news conference turned on some sharp questions by Jonathan Lemire, White House correspondent for The Associated Press. Putin denied anew that the Russian government interfered, regardless of what non-governmental Russian actors might have done.

Royals share surprise candid photo of Prince Louis laughing with Kate
Taking her older sister duties very seriously, it's evident that Princess Charlotte is clearly besotted with her little brother. Another, more candid photograph, captures the Duchess of Cambridge cradling her newborn son.

Two France fans dead following wild World Cup celebrations overnight
Violence involving fans and police also broke out as the celebrations turned ugly - with reports of riots and looting. Traffic around the Champs Elysées area was blocked, with police patting down people to check for weapons.

Officer put on desk duty after fatal shooting sparks protests
The man broke free and ran from the officers, who believed "he appeared to be reaching for a weapon" and shot him, he said . Black Youth Project interviewed one of Augustus' friends at the barbershop, who said he was a quiet and good man.

Thai soccer boys after escaping cave: 'Don't worry anymore'
It had been suggested by some that the boys and their coach entering the caves during the rainy season was a reckless decision. They were found nine days later, and the complex rescue took several days to plan and more than 100 volunteers to complete.

Trump’s walk with the Queen causes a stir
It has been said the U.S. president struggles with stairs and this is the reason he has been seen clutching Mrs May's hand whenever he descends.

Hazard: Real Madrid reportedly readying 170m-euro offer
Eden Hazard says it would be a "dream" to play for Real Madrid as speculation over the Belgium star's Chelsea future continues. The likes of Hazard, Neymar and Kylian Mbappe have all been suggested as possible replacements for the Portuguese superstar.

Fresh Trade Threat Drags on Global Stocks
A Commerce Ministry statement said, "It is totally unacceptable for American side to publish a tariff list in a way that is accelerating and escalating".

North Atlantic Treaty Organisation summit: EU's Tusk warns president to appreciate allies
Not only that, but Trump's suggestion that the U.S.is entitled to a "reimbursement" is absurd. We're meeting with Vladimir Putin on Monday.

Wimbledon 2018: Roger Federer bagels and beats Adrian Mannarino
The women's quarterfinals are underway at Wimbledon. (11) Angelique Kerber bt. "In 2017 I played well, 2018 I am playing well". Williams dropped just four games as she dispatched Rodina, hitting 30 winners in the process compared to her opponent's five.

Police search intensifies after couple poisoned with Novichok
British Prime Minister Theresa May has blamed Russian Federation for the first poisoning attack - an assertion the Kremlin denies. The episode in Salisbury - the first use of a nerve agent in Europe since the Second World War - sparked worldwide outrage.

THREE LEFT: Trump Narrows Supreme Court Pick, Announcement Coming MONDAY
The president sounds like a man who wants a second term, which means keeping his most high-profile and decisive campaign promises. All in all, Kethledge appears to be the same kind of conventional conservative that the other people on the President's list .

England Players Banned From Shaking Hands For Health And Safety Reasons
I've been criticised for going with my top hand, but as long as you save it, that's all that counts. Southgate added: "Every single day now when I walk down the street it is always mentioned to me".

Coffee is good for you, more science shows
He added: "Healthier coffee, free from sugar or syrup, should also be encouraged to optimize any health benefit". So if you drank that coffee, you had a slightly lower chance of dying during the 10 years the study examined.