Disney also wanted to keep Sky out of the hands of one of its biggest competitors. The rivalry between Mr. Roberts and Mr. Iger goes back years, but it came to a head in June when Comcast topped Disney’s initial offer for the bulk of Mr. Murdoch’s empire. That forced Mr. Iger to pay about $18 billion more than he had planned in order to secure Fox’s assets. Then, on Saturday, Comcast emerged as the decisive victor in a battle with Disney for control of the British pay-television company Sky. Disney’s agreement to sell its Sky stake raises the possibility that Comcast may be willing to make a separate deal involving the streaming service Hulu.

Source: New York Times September 26, 2018 16:13 UTC