Deals
U.K. Paves Way for Comcast Sky Bid as Race Narrows With Fox
- Hancock says no public-interest concerns to trigger review
- Sky is part of a global push for scale by U.S. media giants
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The U.K. government intends to allow Comcast Corp.’s 22 billion-pound ($30 billion) bid for Sky Plc to move ahead, a boost for the U.S. cable giant as it vies with 21st Century Fox Inc. for Britain’s largest pay-TV company.
Comcast’s offer for Sky doesn’t trigger public-interest concerns that would meet the threshold for intervention, Culture Secretary Matt Hancock said in a statement.