Battle for Sky to be decided by auction

The battle over ownership of Sky will be all but settled over 24 hours this weekend in a rare auction in which three global media heavyweights will go three rounds. Comcast will take on the tag-team of 21st Century Fox and Disney, with investors expecting the winning side to value Sky at at least £27billion. The Takeover Panel, the City’s regulator of merger processes, will act as referee between the Murdoch family, Disney chairman Bob Iger, and Brian Roberts, the Comcast chief. Business, Page 1