Rupert Murdoch’s Fox and rival Comcast must table new bids this weekend in rare auction
The Takeover Panel has intervened to end the battle for control of satellite broadcaster Sky, and resolve a bidding war that started in December 2016.
The panel has ordered a two-day auction which will allow Rupert Murdoch’s 21st Century Fox and rival bidder US media conglomerate Comcast to make new bids from Friday night for the broadcaster. The eventual winner will be announced by 7am next Monday. Both companies have made offers for Sky, but so far neither has declared it will not go higher.
Related: Rupert Murdoch must make £26bn-plus Sky bid to thwart Comcast
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