WHAT THIS MEANS FOR SKY

Daily Mail - - City & Finance -

THE takeover clash be­tween US gi­ants Com­cast and Dis­ney will de­cide the fate of Sky.

The FTSE 100 firm is cur­rently weigh­ing an £11.7bn of­fer from Ru­pert Mur­doch’s 21st Cen­tury Fox, which wants to buy the 61pc of the busi­ness it does not al­ready own. But Com­cast swooped in two months ago with a £22bn of­fer for the en­tire busi­ness as well.

That po­ten­tially threw a span­ner in the works for Fox, as it had struck a sep­a­rate deal to sell its en­ter­tain­ment as­sets – in­clud­ing Sky – to Dis­ney for £39bn. Com­cast has now launched a higher bid for Fox’s en­ter­tain­ment busi­nesses.

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