You are here: Home » Reuters » News
Business Standard

UK Takeover Panel says Disney would need to bid at least 14 pounds/share for Sky


(Reuters) - Britain's Panel said on Friday that would need to make a minimum bid of 14 pounds per share for if it succeeds in buying Twenty-First Century Fox.

Sky plans to request that the hearings committee be convened in order to review this ruling and each of and Fox is considering its position, the Panel said.

The 14 pounds per share is lower than Comcast Corp's offer of 14.75 pounds per share, but at par with Fox's current bid.

(Reporting by in Bengaluru; Editing by Susan Fenton)

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

First Published: Fri, July 13 2018. 16:17 IST