LONDON (Reuters) - Comcast (CMCSA.O) expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky (SKYB.L) as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday.
Sky is at the center of a complex trans-Atlantic bidding war between Twenty-First Century Fox (FOXA.O), Comcast and Walt Disney (DIS.N) that will generate large fees for advisory firms working on all sides.
Fox, which already owns 39 percent of Sky, and Comcast are fighting for control of the British pay-television group. At the same time, Comcast and Disney are vying to buy the bulk of Fox’s film and TV assets, including its Sky stake.
Comcast expects to pay its advisers between 203 million pounds and 243 million pounds in total for their work on the Sky bid, the U.S. group estimated in its formal offer document for the British company on Friday.
The lion’s share of the fees — up to 170.3 million pounds — will go to the lenders, including Bank of America, that are co-ordinating the financing for Comcast’s offer.
The cable giant will also pay between 22.7 million pounds and 37.8 million pounds to the firms that are providing it with financial advice.
They include the boutique Robey Warshaw, the small business founded by investment bankers Sir Simon Robey, Simon Warshaw and Philip Apostolides in 2013
