Sky results show why Comcast along with Disney want to buy that will

Comcast drops bid for 21st Century Fox

Disney along with Comcast have 500,000 completely new reasons to keep fighting over Sky.

The European broadcaster added half a million completely new direct subscribers from the year ended June 30. Sales increased 5% to £13.6 billion ($18 billion).

Comcast (CMCSA) became top bidder for Sky (SKYAY) earlier This kind of month with an offer that will valued the London-based company at £26 billion ($34 billion). Disney (DIS) CEO Bob Iger could still counter that will that has a higher bid.

Sky along with its 23 million subscribers are attractive assets to US media companies that will want to expand their operations to Europe along with bolster their defenses against an onslaught through Netflix (NFLX) along with Amazon (AMZN).

Top original shows along with premium sports content have made Sky a leader in pay TV from the United Kingdom along with some other markets including Germany along with Italy. that will also sells broadband along with mobile phone services.

Iger has described the business as a “real crown jewel.”

Shares in Sky were trading at £15.10 ($19.0) after the results were published, suggesting that will investors expect another bid. Comcast’s latest offer is usually worth £14.75 ($19.45) per share.

Related: The billionaire egos behind Comcast’s bid for Sky

Sky chief executive Jeremy Darroch said the results reflected “an exceptional year.”

“We are able to deliver for shareholders whilst ensuring the customer experience is usually better than anywhere else,” he said in a statement. “We are proud that will Sky is usually recognized globally as an outstanding business.”

Until recently, Comcast along with Disney were locked in a bidding war for most of 21st Century Fox (FOX), including its stake in Sky. Comcast dropped its pursuit of Fox last week.

Related: Comcast drops its bid for 21st Century Fox

Attention has since shifted back to Sky.

The results announced Thursday could entice Iger to authorize a completely new offer for Sky. The bid might be made through Fox, which Disney has been using as a proxy since getting regulatory approval to buy most of its assets.

CNNMoney (London) First published July 26, 2018: 6:21 AM ET

Source : Sky results show why Comcast along with Disney want to buy that will