[ad_1]
Comcast Corp. said he would pull out of his bidding war with Disney to acquire 21st Century Fox's main assets, and instead focus on the acquisition of European satellite TV provider Sky, likely opening the way to Disney to take control of the Murdoch family. Strengthens assets and intensifies an imminent battle with Netflix and other video streamers to dominate the media industry.
"Comcast does not intend to continue the acquisition of Twenty-First Century Fox's assets and will instead focus on our recommendations." Offers for Sky, "said the company in a communicated Thursday. Disney and Fox have agreed to a $ 71.3 billion deal for the California entertainment giant to take control of all of Fox's assets, including the FX and Nat Geo networks, the studio 20th Century Fox movie and Fox's participation in the video streaming site Hulu
Brian L. Roberts, Comcast President and CEO, added: "I would like to congratulate Bob Iger and the team Disney and congratulate the Murdoch and Fox family for creating such a desirable and respected company. " [19659002] Comcast and Disney can still struggle. 21st Century Fox is trying to buy back the 61% of Sky that it does not have yet, an effort it's pursuing since it reached an agreement to buy Sky back in 2016. Fox has recently increased its offer for Sky Comcast topping the list with a $ 34 billion offering. If Fox were to prevail in his initiative, Disney would take control of Sky once his agreement with Fox was completed. But it remains uncertain that Disney would like Fox to make a higher bid for Sky and that Comcast's success would mean for the price of Fox's assets that Disney is working to win.
Sky remains an important media asset, and that would give either Comcast or Disney new presence abroad, Comcast has been working in recent months to strengthen its NBC News presence in Europe. News has already made efforts to strengthen overseas with the purchase in 2017 of a 25% stake in Euronews based in France
Source link
