For those of you keeping an eye on the Fox/Comcast/Disney saga...
...In our previous episodes, Disney made a take over deal for much of Fox's assets, including the film studio, and most overseas fox owned assets, including its stake the UK's Sky TV.
Sky TV is the premier pay tv operator in the UK and much of Europe, and is also a major ISP/Communications provider in many of the territories it operates.
Fox already was attempting to take over the part of Sky it didn't already own, and this had been previously referred to UK competition regulators
On the Disney announcement regulators indicated that they'd be disregarding the Disney bid for their purposes, and they had concerns over the influence Rupert Murdoch (through both Fox and News Ltd) would therefore have on the UK News and media landscape.
In order to allay these concerns, Disney offered to buy Sky's news channel first, ensuring its independence from the Fox group.
Not to be outdone, Comcast threw in a bid for Sky, and later a bit for the same assets as Disney plans to buy from Fox.
In todays Episode, the relevant minister reported his intentions to the UK Parliament today:
On the Comcast proposal to take over Sky, he indicated that he had no objections. Comcast isn't really a major media player here yet, so there's no competition concerns.
On the Fox bid, the minister indicated that allowing Fox to buy Sky would not be in the public interest BUT if the Sky News channel was seperated and its financial future assured then he would have no objections to the bid (in Short, Disney's plan to buy Sky News, Fox to buy Sky, and then Disney to buy sky out of Fox, is a go for now - The official report does indicate that the Disney bid for Fox would have to be evaluated on its own merits later down the line).
So, this has set up a bidding war for sky between Fox/Disney and Comcast. A pre-show before main game between Disney and Comcast?Tweet
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