Deals
Fox Plans Higher Bid for Sky Ahead of U.K. Approval
- Britain is expected to clear Fox’s offer as soon as this week
- Sky is part of a global tussle between Comcast and Disney
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
21st Century Fox Inc. is preparing a higher offer for Sky Plc to counter Comcast Corp., according to people familiar with the matter, marking the latest twist in a global M&A contest between some of the world’s largest media companies.
The move is likely to come around the time of the formal approval by Britain for Fox’s bid, which is expected to come as soon as this week, said the people, who asked not to be identified as the deliberations are private.