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UK regulator sticks to 14 pounds per share floor for Sky from Disney

Reuters  |  LONDON 

(Reuters) - Britain's Takeover Panel said on Thursday it had confirmed its ruling that might have to offer at least 14 pounds a share to buy UK pay-group

Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox's TV and film assets, which include a 39 percent stake in Sky, before either Fox or rival suitor succeed in taking control of the British broadcaster.

The price is designed to reflect the level of the offer Disney is making for Fox, and its holding in

The regulator had set the level of a possible mandatory Disney offer for at 14 pounds a share on July 13. But it has had to hold a series of hearings since then to review the level after a number of groups appealed the decision.

(Reporting by Kate Holton; editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 16 2018. 16:33 IST