Chris Hughes, Columnist

Murdoch Gears Up to Fight for Sky

Tycoon tries to shift the battle from politics to money.

April 3, 2018 at 11:17 AM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

Sky Plc Headquarters As 21st Century Fox Inc. Said To Stick With Initial Price In Takeover Offer — Photographer: Simon Dawson/Bloomberg

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Investors betting that Rupert Murdoch's Twenty-First Century Fox Inc. is ready to raise its 11.7 billion-pound ($16.4 billion) offer for Sky Plc have had their convictions reinforced.

The media tycoon's U.S. television group has devised a cunning remedy to assuage British trustbusters' concerns about the deal. It's also sounding increasingly exasperated with the process. These are signs that Fox is ready to fight rival suitor Comcast Corp. to secure 100 percent of Sky.