The media merger wars are on. Next up: Comcast’s bid to undercut Disney’s purchase of Fox.

he merger wars are on.

Comcast, which owns NBCUniversal*, announced today it made a surprise $31 billion bid for European pay TV company Sky.

What’s more interesting is how that could end up spoiling Disney’s $52 billion deal to buy a significant chunk of Rupert Murdoch’s 21st Century Fox — which ultimately includes Murdoch’s offer to buy out Sky.

Led by CEO Brian Roberts, Comcast’s price for Sky is 16 percent higher than Murdoch’s deal, an offer that is still undergoing regulatory review.


Source: recode