Ian Whittaker, media equity researcher at Liberum, told CNBC’s “Squawk Box Europe” on Friday which Comcast’s decision to scrap its pursuit of Fox could be interpreted as a “warning shot” to Disney — as well as an admission of the U.S. cable giant’s willingness to accept a “division of the spoils.”
“The first thing is usually actually to suggest to Disney a division of the spoils. So essentially, to say you as Disney, you take Fox’s U.S. assets… we as Comcast actually take Sky, including the 39 percent stake which Fox currently owns,” Whittaker said.
“The second thing is usually… the item essentially sends a warning shot to Disney over Sky. the item essentially says, ‘We pulled out of the bid for the assets of the U.S., we therefore have more firepower available. If you come back that has a revised bid, we can actually go higher as well,’” he added.