Comcast’s $31 billion bid to buy UK broadcaster Sky is not just an attempt to thwart Disney or to expand globally.
Axios reporter Sara Fischer says it’s also an effort to expand its streaming capabilities. But so far, investors in industry leader Netflix are not worried about the competition.
“What the markets are responding to today is basically saying that, regardless of whether or not Comcast makes a bid, we still think that Netflix’s international growth is strong and we still think that they’re a viable player,” she told Cheddar.
“If Comcast feels the need to make this bet, it’s because Netflix is actually doing really well internationally.”
Comcast’s offer comes after a failed attempt to take over 21st Century Fox, which owns 39 percent of Sky. Fox opted instead for a deal with Disney, even though the $52.4 billion price tag gave it a lower valuation. It’s also trying to buy the 61 percent of Sky it doesn’t already own.
While shares of Comcast, Disney, and Fox were all down significantly Tuesday, Netflix was still trading near all-time highs.
Still, as more companies look to get into the streaming space, Fischer points out that no one is safe.
“At this point everyone is trying to get into the streaming game, so everyone is a threat to everyone,” she said. “Netflix should be concerned about any media-tech company trying to grow streaming reach.”
For the full interview, [click here](https://cheddar.com/videos/comcast-fuels-bidding-war-for-sky-with-fox-and-disney).
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
As commercial options tighten, more travelers are turning to private aviation. Wheels Up CEO George Mattson breaks down capacity and demand challenges.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
