May 9, 2018

Fox says it is 'weighing its options' over Sky bid

21st Century Fox has said it remains set on buying UK broadcaster Sky and expects the deal to close this summer. Fox has been trying to win approval to buy the 61% of Sky it does not already own from UK regulators since 2016. The firm is also being challenged for Sky by US telecoms giant Comcast, which has put in its own offer. Fox said it is "Considering its options" when it comes to the Sky bid. Disney and Fox last year announced a deal to sell the bulk of Fox's assets, including its stake in Sky, to Disney for $66bn, including debt.

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