21st Century Fox remains confident that it can secure control of Sky, despite a ruling from the UK Competition and Markets Authority that the deal would be against the public interest.
In a financial call following Fox’s quarterly results, chief executive James Murdoch said he hoped discussions with the regulator would resolve their concerns.
Fox reported a 4.6 per cent increase in revenues to $8.04 billion.
With the Sky transaction still in play, Fox plans to sell a majority of its assets to Disney, leaving the company to concentrate on news and sports.
In addition to the UK, the Fox-Disney deal requires approvals in a number of territories.