Deals
U.K. Clears Fox's Sky Bid, Subject to Sale of News
- U.K. says Fox bid can go ahead, as long as it divests Sky News
- Decision is a boost for Murdoch’s second attempt to buy Sky
U.K. to Approve Fox Bid for Sky
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Rupert Murdoch, the 87-year-old media baron looking to cap off a career of global gamesmanship, just scored another victory.
The U.K. plans to approve a proposal by Murdoch’s 21st Century Fox Inc. to acquire Sky Plc, the largest pay-TV provider in the country. The move gives Fox the clearance it needs to continue pursuing the transaction -- but it’s no done deal. Comcast Corp. has submitted a higher bid for Sky, and U.K. authorities want to ensure that Fox divests the Sky News business if it completes the takeover.