Murdoch’s Fox raises bid for Sky to $32.5 billion

Comcast

Murdoch is aiming to takeover the 61% of Sky he doesn't already own through 21st Century Fox, which owns assets including the Hollywood studio behind films including X-Men and Deadpool.

Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 1,400p per share, a 12 per cent premium to Comcast's earlier offer.

Britain's culture secretary has cleared the way for Twenty-First Century Fox's bid for Sky following pledges that it will safeguard the independence of Sky News.

Sky's shares have risen 95 percent since Fox made its first bid in 2016, and have risen 55 percent in the past year.

Regulators are concerned that Fox's ownership of Sky News would give Murdoch and his family too much influence over United Kingdom media.

Ohio State team doctor warned, former coach says
Jordan's office also said that it had not been contacted by investigators from the university looking into the accusations. Strauss showered with students and touched them inappropriately during appointments, and that Mr.

In January, the Competition and Markets Authority said the deal would not be in the public interest on the grounds of "media plurality", although it found Sky's broadcasting standards to be up to scratch.

Richard Greenfield at BTIG said however he thought Disney needed to buy Sky to secure a direct relationship with customers in Europe so it could sell them its vast range of programming. Comcast now has a 60-day window before Sky shareholders can vote to approve the deal. "It is now a matter for the Sky shareholders to decide whether to accept 21CF's bid", Wright said.

The expectation from some analysts had been that Fox would wait for final United Kingdom approval before coming back with a higher bid, but with Prime Minister Theresa May's government committing to release a decision on Thursday, Fox pulled the trigger.

Sky's independent directors accepted the latest Fox offer.

Fox's offer is pending United Kingdom government approval from culture secretary Jeremy Wright, while Comcast has already received approval. Comcast offered $65 billion and is getting ready for yet another bid for Fox. "We will be posting our offer document to Sky shareholders shortly". Of the assets he's seeking to acquire from Fox, Disney chief executive officer Bob Iger called Sky "a real crown jewel".

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