Investment Banking

Comcast pursues Sky while assessing move for Fox assets

Cable giant explores whether to play interloper on Disney’s pending acquisition of Fox’s entertainment assets

A Sky Sports broadcast truck  covering a cricket match in London
A Sky Sports broadcast truck covering a cricket match in London Photo: Getty Images

Comcast lobbed an official $31bn proposal to buy European pay-TV operator Sky — but it may have a much bigger deal in mind down the road.

Comcast’s official bid to buy Sky tops an existing offer from 21st Century Fox, which already owns a 39% stake in Sky. Comcast said it was considering such an offer in February.

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