Photo: ReutersLondon: Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky, challenging Rupert Murdoch’s Fox and Bob Iger’s Walt Disney for the European pay-TV jewel. That has complicated a separate $52 billion deal by Disney to buy Fox assets including Sky. “Sky and Comcast are a perfect fit: we are both leaders in creating and distributing content,” Comcast chief executive officer Brian L. Roberts, 58, said. It also pits Roberts against Disney’s Iger, a long time rival after Comcast tried to buy Disney for $54 billion in 2004. “We would like to own the whole of Sky and we will be looking to acquire over 50% of the Sky shares,” Comcast CEO Roberts said.

Source: Mint February 27, 2018 09:11 UTC