Breaking UK finally clears Rupert Murdoch's Fox to bid for Sky

Mai Fyfield is viewed as one of the main architects of Sky's success

Fox is seeking to acquire the remaining 61 percent of Sky, valuing the company at $32.5 billion, and handing it over to Disney. Topping Comcast's 12.50 pounds a share. Fox, which already owns 39% of Sky, on Wednesday said the independent committee the British company had formed for the sale has approved its offer. "It is now a matter for the Sky shareholders to decide whether to accept 21CF's bid". Fox wants a deal at 14 pounds a share.

Neither Comcast nor Sky immediately responded to requests for comment.

"We have long admired Sky, which we believe is an outstanding company and a great fit with Comcast".

Sky shares traded at £14.90 as of 9:55 am in London.

This all part of the ongoing battle for Fox's entertainment assets. gets more complicated as the days go on. Sky's shares closed at £15.01 on Tuesday, suggesting shareholders think the battle is not over. Comcast now has a 60-day window before Sky shareholders can vote to approve the deal. Sky is a pawn in a wider contest between Comcast and Walt Disney Co. for the bulk of Murdoch's media empire, as the U.S. media giants try to take on powerful digital rivals like Netflix Inc.

More news: IHOP to offer 60 cent pancakes for one day only

One hedge fund manager with a stake in Sky welcomed that pledge as a sign that Disney backed Fox in the battle.

"We are please to be announcing a recommended increased offer for Sky today", said Brian Roberts, chief executive of Comcast. Analysts said it was not a knock-out, and Fox did not say it was its final offer.

He said amended guarantees had been made over Sky News to address concerns over media plurality, as well as changes to the associated brand licensing agreement following responses to the Government's consultation.

Fox's long-running pursuit for all of Sky has been plagued by United Kingdom government fears over media plurality and broadcasting standards and the influence of Australian-born USA citizen Murdoch.

Murdoch had previously tried to buy Sky in 2011 when a phone hacking scandal at his News of the World tabloid sparked a political backlash over his role in Britain.

Related News:



Most liked

England hailed as heroes after World Cup heartache
For some teams, just making the tournament is a historic achievement. In two years time, if we are at the Euros, we will go again. To everyone who believed this time was different.

Two Conservative Party vice chairs quit over PM May's Brexit proposals
That was despite the likes of Mr Johnson and Mr Davis privately expressing their reservations about the prime minister's strategy. Mr Trump insisted he got along "very well" with Mrs May - but he also described Mr Johnson as a "friend of mine".

South Africa charter plane crashes near Pretoria leaving 1 dead, 20 injured
The Aviodrome aerospace theme park in the Netherlands said on its Facebook page that it was "hugely shocked" by the crash. It had just been refurbished for 350,000 euros ($410,000) at Wonderboom .

European Council President Donald Tusk Has A Stern Warning For Trump
Trump's criticism also targeted Germany. "Now I'm depressed", the diplomat added. Trump already sounds like he's thirsty for a Brussels showdown.

France edges Belgium, advances to World Cup final
In the end, Umtiti's goal was enough to secure a place in the Moscow final and a meeting with either England or Croatia on Sunday. Belgium: Courtois , Alderweireld , Kompany , Vertonghen, Chadli, Dembele, Witsel, Fellaini, De Bruyne, Lukaku, Eden Hazard .

U.S. to impose extra tariffs on $200bn of Chinese imports
The administration said the new levies are a response to China's decision to retaliate against the first round of US tariffs . S&P 500 and Dow futures dropped around 1 percent, pointing to a weak opening on Wall Street later on Wednesday.

Belgium's golden generation falls short again at World Cup
Former Leicester City assistant manager Michael Appleton says Harry Maguire can handle the pressure of a World Cup semifinal. I am very happy for my players, we showed character and the right mentality", said Deschamps, who captained France in 1998.

David Beckham and Zlatan Ibrahimovic agree World Cup wager
He said the England and Spurs defender the will treat the World Cup semi-final and any eventual final like a normal game. Best of luck and let us know how you do. "And seeing the fans back home on social media has been wonderful ".

George Clooney reported hurt in motorcycle crash in Italy
He was joined by wife Amal Clooney and it has been reported that the pair left the hospital together in a private vehicle . Private Mediaset, citing gossip magazine Chi, said the accident occurred near Costa Corallina, in the province of Olbia.

Federation Internationale de Football Association boss invites Thai boys to World Cup final
Defender John Stones is thinking of the Thai football team's safe recovery, as he prepares for his next match at the World Cup . The strategically placed canisters allow divers to stay underwater longer during the five-hour trip to reach the stranded team.

U.S. border patrol questioned fishermen on Canadian waters
Indeed, it's not for nothing the area is called the grey zone - gray zone to the Americans. As well, the group suggested the actions of the US agents may have been routine.

Four boys brought to safety, rescue operations to resume soon
A helicopter flew some of the boys to the nearby city of Chiang Rai, where they were taken by ambulance to hospital. Down the street, a loud speaker told vendors to "keep off the road" and to "not obstruct the transfer mission".

Croatia vs. Russian Federation final score, recap
In 1966 while still known as the USSR, the semi-finals against eventual winners England was as good as it got for them. Denis Cheryshev gave Russian Federation the lead with a shot into the upper corner in the 31st minute.

Elon Musk making "kid-sized submarine" to rescue teens in Thailand cave
The schoolchildren and their 25-year-old coach have been trapped in the Tham Luang cave in Thailand for nearly two weeks now. Twelve boys and their coach, who had been missing since last month, were found by a pair of British cave divers late Monday.

Trump Wants 40 Foreign Mar-a-Lago Workers
President Donald Trump's Mar-a-Lago Club wants to hire 61 foreign workers for its upcoming season, which begins in November. The Florida resort requested 61 H-2B visas, which are visas for temporary non-agricultural workers.