The Walt Disney Company has been in negotiations with 21st Century Fox, however, another company has also caught Disney’s eye: Sky News.
Last year, we received a big announcement about Disney’s plans to take over a large chunk of 21st Century Fox. However, as the year unfolded we have seen Comcast enter the playing field by outbidding Disney’s offer for the company.
As the negotiations continue, 21st Century Fox shook things up by placing an unsolicited bid on Sky News. While 21st Century Fox already owns a less than 50% of Sky News, they are hoping to absorb the rest of the company.
Large mergers such as this and the potential Disney and 21st Century Fox deal, draw much attention from the government and face many regulations.
A main concern of 21st Century Fox and Sky News merging is the control over the news The Murdoch Family would then have. The family already controls News Corp, which owns Britain’s three largest newspapers: The Times, The Sun, and The Sunday Times.
Again, Comcast entered the playing field and placed a bid offering more per share than Fox to obtain Sky News.
That brings us to today, where we have learned that Sky News has also peaked Disney’s interest. Regardless of whether or not Disney’s deal with 21st Century Fox goes through, Disney is highly interested in obtaining Sky News.
As Americans have continued to “cut the cable cord”, companies such as Disney are looking to build viewership overseas through companies such as Sky News.
Keep following along with Chip and Co. to learn more about the future of Disney’s acquisitions.
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