Comcast is on the cusp of getting approval from the UK government to buy British broadcaster Sky for £22 billion ($31 billion). The approval will bring the American company a step closer to scooping up a valuable international asset that Disney is also competing for.
Comcast has formalized its bid for European broadcaster Sky, a move that sets up a battle royale with rival U.S. powerhouse 21st Century Fox.
Comcast and Disney are vying to purchase European broadcaster Sky. Analysts say a bidding war could break out.
The shock U.K. election result has increased the risk that 21st Century Fox's planned takeover of broadcaster Sky could be scuppered by political opposition.
