Investment Banking

Comcast pursues Sky while assessing move for Fox assets

Cable giant explores whether to play interloper on Disney’s pending acquisition of Fox’s entertainment assets

Saturday 21 April 2018 at 11:12

A Sky Sports broadcast truck  covering a cricket match in London
A Sky Sports broadcast truck covering a cricket match in London Photo: Getty Images

Comcast lobbed an official $31bn proposal to buy European pay-TV operator Sky — but it may have a much bigger deal in mind down the road.

Comcast’s official bid to buy Sky tops an existing offer from 21st Century Fox, which already owns a 39% stake in Sky. Comcast said it was considering such an offer in February.