The European Commission cleared Comcast's $30.7 billion bid for European pay-TV giant Sky PLC on Friday. The cable giant's offer tops the one made by 21st Century Fox which holds a 39% stake in Sky and made a bid in 2016 for full ownership. Interestingly, Comcast is now in a bidding war with the Walt Disney Co. for some of Fox's entertainment assets, which include Fox's stake in Sky. The NBCUniversal owner made a $65 billion all-cash offer earlier this week, topping Disney's earlier offer of $52.4 billion in stock. Comcast shares are down 15.4% this year, while Disney is up 1.2% and Fox is up 28.9%. The S&P has increased by 3.6%.