After raising the white flag in the battle with Walt Disney Co. for the bulk of Rupert Murdoch’s media empire, Comcast Corp. Chief Executive Officer Brian Roberts has one last prize to fight for: the British pay-TV company Sky Plc. Comcast currently has the upper hand in the race for Sky, with an offer of 26 billion pounds ($34 billion) that’s 6 percent higher than a rival, Disney-backed bid by Murdoch’s 21st Century Fox Inc., which already owns 39 percent of the company. Buying Sky would give Comcast international scale, a hedge against the erosion of cable-TV viewing …read more
Source:: Yahoo Finance
