Comcast targeting Sky control in Fox deal - report

Thursday 7 December 2017 | 09:21 CET | News

Comcast is targeting full control of UK satellite TV provider Sky in its battle with Walt Disney for Fox’s film and television assets, according to an unnamed source cited by Bloomberg. The US cable giant is said to be interested in Fox's 39 percent stake in Sky due to in part to its superior technology, which could help drive Comcast’s X1 set-top boxes, said the source.

However, the report also cites additional sources indicating that Fox would prefer to sell some assets to Disney because it believes that deal would present fewer regulatory hurdles. The Times subsequently reported that a deal for Walt Disney to buy several entertainment and international distribution assets from 21st Century Fox has entered the advanced stages and could be agreed before the end of the year.

Separately the Financial Times reported that James Murdoch, currently Fox's chief executive, may succeed Bob Iger as Disney CEO if the US company is successful in its bid. Disney is said to be offering Fox shareholders around USD 60 billion worth of its shares for assets including Fox's film studio, TV channels, Indian media firm Star as well as its 30 percent stake in streaming service Hulu.  

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