Disney, Comcast slugfest enters ‘Round 2’
Stick a form in ‘em… because Comcast is done with their pursuit of 21st Century Fox’s assets. Disney outbid Comcast by $6 billion with their most recent offer to obtain coveted franchises including “Avatar” and “X-Men.” The back-and-forth bidding war caused 21st Century Fox’s value to increase by a whopping 36%.
On to the next one… the next one being British broadcaster Sky. Unfortunately for Comcast, Disney has their sights set on acquiring the very same company. For Disney, winning Sky would be significant as it would allow for a direct-to-consumer platform in Europe. For Comcast, Sky would present a similar opportunity.
Not to be overly dramatic… but this is a once-in-a-lifetime opportunity for both companies. Sky presents an opportunity for either company to expand globally with its 23 million paying subscribers in five European countries. The latest bid came from Comcast in the form of $34 billion. Now we are waiting to see if Disney will show us the money and defeat Comcast yet again.