Comcast outbid Rupert Murdoch in $40 billion Sky deal — and it shows just how much of a threat streaming services are to cable companies

Belgique Nouvelles Nouvelles

Comcast beat Rupert Murdoch in a $40 billion bid for Sky, Europe's biggest pay-TV company. The move allows Comcast to open its doors to the European market and access to online video streaming — and some analysts think the deal was driven by the threat of streaming services like Netflix and Amazon.