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Disney and Fox Are Merging. Why Is Sky Still in Play?

Disney and Fox Are Merging. Why Is Sky Still in Play?

Disney and Fox Are Merging. Why Is Sky Still in Play?What began as a simple bid in late 2016 by Rupert Murdoch’s 21st Century Fox Inc. for the part of Sky Plc it doesn’t already own sparked a transcontinental bidding war when Walt Disney Co. and Comcast Corp. joined the chase for Sky, a British broadcaster. Fox soon found itself in a tug-of-war between rival bidders, Disney and Comcast, as a rapidly shifting media landscape propelled one of the more intriguing global media battles in decades. Now that shareholders are set to approve the $71 billion merger of Disney with Fox’s entertainment assets — Comcast having thrown in the towel — the endgame seems near.

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