Comcast has thrown its hat in the ring with a $31 billion bid for U.K. broadcaster Sky, but the question now is whether that hat is actually a wrench for Disney and 21st Century Fox?
Analysts have speculated on what Comcast’s next big move could be for the past year. As video growth slows, the media company is in need of an acquisition to give to it some juice and Sky is an attractive asset because of its 23 million subscriber-foothold in Europe.
During Comcast’s quarterly conference call with investors in February, CEO Brian Roberts said that Comcast has “admired Sky for a long time.”