Comcast eyes Sky takeover

11 Dec 2017

US cable giant Comcast is interested in securing a takeover of UK pay-TV operator-turned-multi-play provider Sky, Bloomberg reports. Sky’s largest shareholder is News UK Nominees Limited, a subsidiary of News Corporation, which is itself a division of Rupert Murdoch-backed 21st Century Fox. A source familiar with the matter told the news agency that Fox’s 39% stake in Sky is particularly compelling to Comcast, as the cable giant sees Sky’s technology as superior to most other pay-TV providers in Europe.

The report follows suggestions that Comcast is interested in pursuing a deal to acquire film and TV assets from 21st Century Fox Inc, despite tough competition from rival bidder Walt Disney. Comcast CEO Brian Roberts met with Fox executive chairman Rupert Murdoch in New York last week, to discuss the deal, the source added.

United Kingdom, Comcast Corp (Xfinity, incl. Xfinity Mobile), Sky