But that is the fate of the British broadcaster Sky, one of Europe’s most valuable television businesses. To determine control, a showdown between Comcast and 21st Century Fox (through the auspices of its soon-to-be owner, the Walt Disney Company) is scheduled to start Friday evening. Over the next day, Comcast and Fox will duel it out for Sky. Rupert Murdoch had long sought to acquire the 61 percent of Sky that Fox (and, earlier, News Corporation) did not own. Then in December, 21st Century Fox struck a $52.4 billion deal to sell the bulk of its assets to Disney, including its 39 percent stake in Sky.

Source: New York Times September 21, 2018 18:56 UTC