Walt Disney Now Eyeing Up BSkyB For a Takeover After Rupert's Epic Fail

[Chimichurri]

The US movie, theme park and entertainment giant is ready to pounce with a takeover if Rupert Murdoch has to give up his 39 per cent stake in the network.

Murdoch was forced to dump his €9billion bid for the 61 per cent of BSkyB shares he does not own in the wake of the hacking scandal.

Regulator Ofcom could force him to shed the rest if it declares his News Corporation is not a “fit and proper” organisation.

A City insider said: “Disney is the arch rival of Murdoch’s News Corp. It would like nothing more than to pull off the deal he couldn’t.”

Sources say Disney is preparing the bid so it can swiftly step in if Murdoch is forced out of Sky or sells up his British interests.

A TV finance analyst said: “It would be a good move for Disney. If it could get its hands on Murdoch’s 39 per cent stake that would automatically trigger a bid for the rest of the company.”

http://www.people.co.uk/news/politics/2011/07/17/walt-disney-eyeing-up-bskyb-for-a-takeover-102039-23276010/

[Cirque du So-What]

1. Disney may be Morlock's 'arch rival' as the story suggests

but that doesn't mean they're an innocent babe in the woods by any stretch of the imagination. They're a tool of corporations as well - just not quite as blatant as FAUX News.

[Chimichurri]

2. Yes, indeed. They are Jackals. I also get the sense that instead of News Corps' story

becoming a cautionary tale, it's a blue-print for these conglomerates to emulate.

This is precisely why we need laws. We are where we are because Clinton deregulated the media with the Telecommunications Act of 1996. Fox news first emerged in the U.S. in 1996.