Disney Offers to Buy Sky News to Aid Rupert Murdoch’s Bid for Sky

Disney Offers to Buy Sky News to Aid Rupert Murdoch’s Bid for Sky Photo Disney has offered to buy Sky News outright to help Rupert Murdoch’s 21st Century Fox, the bulk of whose assets it hopes to buy, gain regulatory approval its own bid to buy the news channel’s parent company. Credit David Moir/Reuters LONDON — The Walt Disney Company offered to buy Sky News on Tuesday — but not because the British news channel is core to Disney’s business.
Instead, the offer is meant to help Rupert Murdoch’s 21st Century Fox buy full control of Sky News’s parent company, the broadcaster Sky, a deal that has languished amid concern here in Britain that Mr. Murdoch could assume too much control over the country’s media.
Disney has a stake in the outcome of that transaction. It agreed late last year to buy the bulk of Fox’s assets — including Mr. Murdoch’s international broadcasting operations, of which Sky is a part — for $52.4 billion. And it is competing against Comcast, the American cable giant tha..