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Disney must offer to buy all of Sky, Britain's takeover regulator rules

Reuters  |  LONDON 

By Paul SandleLONDON (Reuters) - Britain's takeover regulator said Walt Disney must offer to buy all of Sky if it acquires Twenty-First Century Fox's 39 percent stake and if Rupert Murdoch's Fox is prevented from purchasing all of the European pay-TV company itself.Fox agreed an offer to buy all of Sky 17 months ago but is still waiting regulatory approval, while Disney has agreed to buy Fox assets, including its stake in Sky, in a separate deal subject to its own regulatory clearance.The ruling means that if Fox's bid to buy Sky is blocked by the government in June because of Murdoch's media ...

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First Published: Thu, April 12 2018. 21:25 IST