HOLLYWOOD SAGA

THE takeover of Sky has become one of the City’s most complicated in recent years.

It began when Rupert Murdoch’s 21st Century Fox made an £11.7bn offer for the 61pc of Sky that it didn’t own in December 2016.

That got bogged down in concerns over Murdoch owning too many media outlets. Then, in December last year, Disney offered to buy the entertainment assets of 21st Century Fox, which would include Sky, for £39bn.

In February this year American cable giant Comcast bid £22.1bn for Sky.

Now Comcast plans its own all-cash offer for Fox of £45bn, to trump Disney.