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| Comcast likely to be new owner of Sky | Comcast likely to be new owner of Sky |
| (about 1 hour later) | |
| Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. | Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. |
| It means that Rupert Murdoch's 21st Century Fox has failed in its bid to take full control of Sky. | It means that Rupert Murdoch's 21st Century Fox has failed in its bid to take full control of Sky. |
| Instead, Disney will buy assets from Fox including its movie studio, and content like Avatar and X-Men. | Instead, Disney will buy assets from Fox including its movie studio, and content like Avatar and X-Men. |
| It is not yet clear what will happen to Mr Murdoch's 39% stake in Sky, but it is thought that could also be sold to Comcast. | It is not yet clear what will happen to Mr Murdoch's 39% stake in Sky, but it is thought that could also be sold to Comcast. |
| If that sale were to happen, it would mean that Mr Murdoch's long association with Sky News would end. | If that sale were to happen, it would mean that Mr Murdoch's long association with Sky News would end. |
| But Sky News would continue as Comcast has guaranteed to fund the channel at its current level for 10 years. | |
| Buying Sky would make Comcast the world's biggest pay TV network and would reduce its dependence on the US market. | Buying Sky would make Comcast the world's biggest pay TV network and would reduce its dependence on the US market. |
| The complicated takeover situation between Disney, Fox and Comcast became clearer earlier, when Comcast abandoned its pursuit of 21st Century Fox's film and television assets. | The complicated takeover situation between Disney, Fox and Comcast became clearer earlier, when Comcast abandoned its pursuit of 21st Century Fox's film and television assets. |
| That left Disney in pole position as the sole bidder. | That left Disney in pole position as the sole bidder. |
| Comcast chief executive Brian Roberts said the company would now "focus on our recommended offer for Sky". | Comcast chief executive Brian Roberts said the company would now "focus on our recommended offer for Sky". |
| Commenting on the expected tie-up between Disney and Fox, he congratulated Disney chief executive Bob Iger and his team and commended the "Murdoch family and Fox for creating such a desirable and respected company". | Commenting on the expected tie-up between Disney and Fox, he congratulated Disney chief executive Bob Iger and his team and commended the "Murdoch family and Fox for creating such a desirable and respected company". |
| Comcast scraps Fox bid to focus on Sky | Comcast scraps Fox bid to focus on Sky |
| A source at Sky told the BBC's Simon Jack: "It looks like there's been a bit of horse trading going on and the markets are telling us that the battle for Sky may be over". | A source at Sky told the BBC's Simon Jack: "It looks like there's been a bit of horse trading going on and the markets are telling us that the battle for Sky may be over". |
| In London shares in Sky closed nearly 1.5% lower. |