Disney CEO says acquisition of Fox assets not compromised by Comcast bid for Sky
01 MAR 2018
The Walt Disney Company’s [NYSE:DIS] Chief Executive and Chairman Bob Iger has said Comcast’s [NASDAQ:CMCSA] proposed takeover of the FTSE-100 satellite broadcaster Sky [LON:SKY] has not compromised Disney’s agreed acquisition of most of Twenty First Century Fox's [NASDAQ:FOXA] assets, The Times reported.
Disney announced in December 2017 that it had agreed to acquire Fox after a spin-off of certain businesses for USD 52.4bn (EUR 42.98bn) in stock. Fox's 39.1% stake in Sky is among the assets that Disney has agreed to acquire.
Iger’s comment appeared at the end of a report in The Times on stakebuilding in Sky by Elliott Capital Advisors. The report cited the French newspaper Le Figaro for Iger’s comment.
Iger also said he had yet to examine Comcast’s proposal in depth, The Times reported.
Disney, a San Francisco, California-based media group, has yet to comment formally, the item added.
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