WHAT THIS MEANS FOR SKY
THE takeover clash between US giants Comcast and Disney will decide the fate of Sky.
The FTSE 100 firm is currently weighing an £11.7bn offer from Rupert Murdoch’s 21st Century Fox, which wants to buy the 61pc of the business it does not already own. But Comcast swooped in two months ago with a £22bn offer for the entire business as well.
That potentially threw a spanner in the works for Fox, as it had struck a separate deal to sell its entertainment assets – including Sky – to Disney for £39bn. Comcast has now launched a higher bid for Fox’s entertainment businesses.