The Disney-Comcast TV Drama Could Have More Twists Yet

The Disney-Comcast TV Drama Could Have More Twists Yet

The Disney-Comcast TV Drama Could Have More Twists Yet

In a statement Comcast, a $155 billion USA cable television giant, said that its latest offer represented a premium of approximately 5.4 per cent to the 21st Century Fox offer, "implying a value of approximately..."

Reported by Deadline, Comcast put forth a new bit of $34 billion for Sky just hours after 21st Century Fox raised its own bid to $32.5.

Newly appointed Culture Secretary Jeremy Wright said he agreed with his predecessor's final decision to accept Fox's planned sale of Sky News to Disney should it succeed in buying Sky - a move clearing the final regulatory hurdle for Fox.

A successful acquisition of Sky would extend Comcast's reach Europe.

Only this time, it's not Comcast standing in the Mouse House's way, but a shareholder named Robert Weiss, who recently filed a lawsuit to stop the historic Disney-Fox merger.

In the U.S., it has been in a separate bidding war with Comcast - the nation's largest cable TV provider - to buy 21st Century Fox's film and TV studios.

"Comcast has long admired Sky and believes it is an outstanding company and a great fit with Comcast".

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The bidding for Sky and the broader protracted fight over ownership of Murdoch's entertainment assets between Comcast and the Walt Disney Co. seems no closer to a conclusion even after Wednesday actions, which were surprising only in that both Comcast and Fox seemed eager to get the fight on.

Sky's shares closed at £15.01 on Tuesday, suggesting shareholders think the bidding war will continue. Take a look at Sky today. Is this the deal that inspires more or scares off others?

The improved bid means Sky investors now have 60 days to weigh up the offers.

One hedge fund manager with a stake in Sky welcomed that pledge as a sign that Disney backed Fox in the battle.

Fox has been attempting to purchase Sky since December 2016, and has increased its offer by more than 30 percent since then, according to the AP.

Fox said it had secured the agreement of the independent committee of Sky for the deal.

The British government is expected to finally allow Fox, which is run by Rupert's son James, to buy Sky this week, after the USA group agreed to sell Sky's award-winning news channel to Disney to prevent Murdoch from owning too much of the British media. The opposition has not completely subsided despite the plan to spin off Sky News.

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