John Malone a notable absentee from Sky battle

If you want to find bargains, you tend to have to put in the work to hunt for them, and you won’t find them in obvious places. That’s as true for captains of industry looking to pull off a major acquisition as it is for shoppers hitting the seasonal sales.

Last week Comcast, the owner of CNBC and Universal Studios, tried to breach the defences at Disney’s Magic Kingdom. The US media giant ...