Ian Whittaker, media equity researcher at Liberum, told CNBC’s “Squawk Box Europe” on Friday that 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 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 that Fox currently owns,” Whittaker said.
“The second thing is… It essentially sends a warning shot to Disney over Sky. It 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 with a revised bid, we can actually go higher as well,’” he added.