Comcast decides to no longer bid for 21st Century Fox’s assets, ending one of the biggest bidding wars in show business. But, there could be a new one brewing: Comcast now wants to buy Britain’s Sky, in which Fox has a stake.
Comcast and Disney had been competing for Fox’s movie studio and television assets. But now, Comcast ‘s stepping back potentially clears the way for Disney to go ahead with its $71 billion cash-and-stock offer to buy Fox’s assets.
However, Comcast is now eyeing Sky Plc. in which Fox already has a 39% stake. Last week, Fox offered $32.5 billion, apparently for a stake higher than what it currently owns in Sky; but Comcast responded with a $34 billion bid.