Saturday, March 15, 2025 | 11:51 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Fox plans to concede defeat in Sky battle, review stake: source

Image

Reuters LONDON

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox expects Sky's independent directors to recommend Comcast's $39 billion bid, after which Fox will concede defeat in the battle for the British broadcaster, a source with knowledge of the matter told Reuters.

Fox will also review options for its 39 percent stake in Sky after Comcast outbid Murdoch's group with a 17.28 pounds a share offer for the pay-television group, the source said.

(Reporting by Ben Martin, Editing by Paul Sandle)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 23 2018 | 8:42 AM IST

Explore News