Broadcast-streaming. Europe’s Sky TV has withdrawn its recommendation for 21st Century Fox’s £18.5bn offer after Comcast tabled a £22bn all cash offer. Comcast’s offer £12.50 per share bid is at a 16% premium to the £10.75 offer by Fox has a 39% shareholding in Sky. It is not known how a successful bid by Comcast would affect Disney’s $60bn for 21st Century Fox (less Fox News and Fox Sports). That bid has already been complicated by the protracted and regulatory review into Fox’s bid for Sky – because of the Murdoch family’s large shareholding both in Sky and News Corp, the UK’s largest national daily newspaper publisher. Tough to call, but will Disney make a separate, higher bid for Sky – with the support of Fox’s 39%? And how would that impact the Disney bid to acquire 21st Century Fox?
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Comcast launches rival £22bn Sky takeover bid
