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In a regulatory filing last week, Fox and Disney acknowledged for the first time they may not try to again outbid Comcast on Sky, though the sources stressed no decision has been taken. Bernstein analysts have said Disney’s debt pile could now hamper its ability to take on Comcast with a new bid for Sky, partly because it will need to invest even more to launch a successful direct-to-consumer streaming platform. Disney and Fox did not immediately reply to requests for comment. On CNBC, Disney’s Iger said he was “extremely pleased with today’s news.” Fox and Disney shareholders will vote on their deal next week.

Comcast dropped its bid for the Fox assets because it was concerned the price was becoming too high, even though its banks were ready to finance a new bid, according to the sources, It was also worried how much revenue it would lose in divesting assets to appease U.S, antitrust regulators, “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for villanova wildcats cufflinks creating such a desirable and respected company,” Comcast’s Roberts said in a statement on Thursday..

Disney owns ABC, ESPN, Pixar, Marvel Studios and “Star Wars” producer Lucasfilm, plus an array of theme parks. The Fox assets being acquired include a cable group with FX Networks, National Geographic and 300-plus international channels, plus Fox’s stake in Hulu. Immediately before the acquisition by Disney, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its sports channels FS1, FS2 and the Big Ten Network, into a newly-listed company that it will spin off to shareholders.

The bidding between Comcast and Disney is part of a bigger battle in the entertainment industry as media giants splash out tens of billions of dollars on deals to be able to compete with Netflix Inc (NFLX.O) and Amazon.com Inc (AMZN.O), While an acquisition of Britain’s Sky, a broadcaster of sports, films and TV shows to 23 million homes across Europe, would significantly diversify Comcast’s business overseas, it would do little to villanova wildcats cufflinks give it scale in its core U.S, market, “Our view is that probably there is less chance of Fox/Disney coming back with an increased offer for Sky given that Comcast would have more available firepower,” said Liberum analyst Ian Whittaker..

Nevertheless, Sky shares ended trading at 15.09 pounds on Thursday, above Comcast’s 14.75-pound-per-share offer, as investors continued to bet on a better deal. “I don’t think Disney wants to give up Sky,” said Crispin Odey, whose eponymous hedge fund owns Sky shares. Comcast was drawn into a bidding war for Fox because of the scarcity of big media assets up for sale, given that the industry is dominated by powerful families and personalities reluctant to cede control. CBS Corp (CBS.N) and Viacom Inc (VIAB.O), for example, are tightly controlled by the Redstone family.

However, smaller media companies could become acquisition targets, Lions Gate Entertainment Corp villanova wildcats cufflinks (LGFa.N) rose 5.2 percent on investor speculation it could become an acquisition target, Sony Pictures Entertainment Inc and MGM Studios Inc are also seen as potential targets, Comcast first made an offer for the Fox entertainment assets last November, but Fox decided to go with Disney, even if its bid was lower, because it believed a deal with Comcast would not win antitrust approval, The U.S, Department of Justice last month approved Disney’s deal with Fox..

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday criticized the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States. EU officials on Wednesday also ordered Google to stop using its popular Android mobile operating system to block its rivals, adding to trade tensions between Washington and Brussels. Trump took to Twitter over the decision: “I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google. They truly have taken advantage of the U.S., but not for long!”.

In an interview aired on Sunday by CBS, Trump labeled the EU a “foe” with regard to trade, Two villanova wildcats cufflinks former antitrust enforcers said it was unusual but not unheard of for officials to comment on decisions by enforcers in other jurisdictions, “This is totally counterproductive, Whether or not you like the result, this is law enforcement in Europe and we wouldn’t like anyone interfering with law enforcement in the U.S.,” said Gene Kimmelman, a Justice Department veteran now with advocacy group Public Knowledge, “I see it doing no good for Google or anyone else.”..



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