UK takeover panel rules that US conglomerate must make offer if it completes its $66bn bid for Fox
Disney will have to make a full takeover bid for Sky even if the competition regulator quashes Rupert Murdoch’s £11.7bn attempt to buy 100% of Britain’s biggest pay-TV broadcaster, the UK takeover panel has ruled.
The owner of Walt Disney Studios has made a $66bn (£49bn) bid to take over 21st Century Fox, which owns a 39% stake in Sky. Meanwhile, it is awaiting the outcome of the UK competition regulator’s verdict on whether to allow Murdoch to buy the 61% of Sky he does not already own – a deal that was well in train before the Disney transaction.
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