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Fox makes £14 per share Sky offer official

August 8, 2018 11.02 Europe/London By Julian Clover

With just hours to go before the final regulatory deadline, 21st Century Fox has officially posted its offer document for Sky, maintaining its bid at £14 per share.

This puts the bid below the £14.75 on the table from rival bidder Comcast.

Some observers had expected Fox to increase the offer for the 61% it didn’t already own.

The City Code on Takeovers and Mergers requires bids to be in by August 9, 2018.

Sky has acknowledged the offer and says its independent committee would respond within 14 days.

There have been changes to the method through which Fox wants to take control of Sky.

Rather than the shorter Scheme of Arrangement, Fox is now planning a traditional takeover.

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Filed Under: Editor's Choice, Finance, Top Story Tagged With: FOX, Sky Edited: 9 August 2018 07:12

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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