The EU on Friday cleared US cable giant Comcast's bid for pan-European TV group Sky, paving the way for an epic multi-billion-dollar takeover tussle with Rupert Murdoch's 21st Century Fox.
A large part of the Fox entertainment empire is up for sale, though Fox News Channel and other U.S. television businesses are staying with the family of media mogul Rupert Murdoch.
Britain gave the edge Tuesday to US cable giant Comcast in a multi-billion-pound takeover battle with Rupert Murdoch's entertainment titan 21st Century Fox for pan-European TV group Sky.
Media-entertainment giant 21st Century Fox said Wednesday it called a shareholder meeting July 10 to vote on the sale of key television and film operations to Walt Disney Co.
U.S. media giant Comcast on Wednesday offered 22 billion pounds ($30.7 billion) for Sky PLC, topping a bid from Rupert Murdoch's 21st Century Fox and setting up a bidding war for Britain's biggest satellite television company.
Rupert Murdoch's 21st Century Fox has vowed to preserve the editorial independence of Sky News in order to secure its takeover of pan-European TV giant Sky, documents showed Monday.
US cable company Comcast, which in December dropped an attempt to acquire 21st Century Fox, is considering relaunching that bid even though Walt Disney Co. has reached a deal, the Wall Street Journal reported.
Sky, the pan-European TV giant, announced Thursday a 40-percent increase in first-half net profit on higher revenues, while awaiting a takeover by Rupert Murdoch's 21st Century Fox.
21st Century Fox said Thursday it will still try to complete its 11.7 billion pound ($15.4 billion) takeover offer for Sky, a move that would hand the major European broadcaster over to Disney as it in turn buys most of Fox.
Disney is buying the Murdoch family's Fox movie and television studios and some cable and international TV businesses for about $52.4 billion, as the home of Mickey Mouse tries to meet competition from technology companies ...