U.K. Announces Fox’s Offer for Sky Likely To Be Approved on Condition of Selling Sky News
On June 5, the U.K. Secretary of State for Digital, Culture, Media, and Sport stated that 21st Century Fox’s offer to sell Sky News to Disney, if it successfully acquired the 61% of Sky that it doesn’t already own, would likely be sufficient to allow the deal to be approved. Specifically, he said, “I agree with the CMA that divesting Sky News to Disney, as proposed by Fox, or to an alternative suitable buyer, with an agreement to ensure it is funded for at least 10 years, is likely to be the mos...
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