Comcast is to be the new owner of Sky after the US cablenet outbid 21st Century Fox in an auction for the broadcaster.
The UK’s Takeover Panel has confirmed an earlier ruling that the Walt Disney Company will have to offer at least £14 per share to secure Sky.
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.
Shareholders at Twenty-First Century Fox and The Walt Disney Company agreed at separate meetings on Friday to approve the Disney proposal to acquire Fox and for the spin-off of certain parts of the company.
Comcast has further raised its bid for Sky, increasing its bid to £14.75 per share, as the battle for the European broadcaster intensifies.
It’s expected that Rupert Murdoch’s Fox will this week finally be given clearance to take over Sky.
Roman Karz, former deputy managing director and vice president finance & operations, will assume the newly created position of general manager of Fox Networks Group Germany with immediate effect.
Comcast Corporation has confirmed it’s in the advanced stages of preparing a bid for assets of Twenty-First Century Fox.
Comcast has officially notified the European Commission that it will make a bid for Sky.
Culture secretary Matt Hancock has until June 13 to come to a decision on the proposed merger between 21st Century Fox Inc and Sky Plc.