Disney Has to Make Offer for All of Sky If Fox Deal Proceeds

Mony
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U.K. regulators said Thursday that Walt Disney Co. must make an offer for all of Sky PLC, the British broadcaster, if its proposed acquisition of assets from 21st Century Fox Inc. proceeds.

Disney has agreed to pay some $52 billion for a big chunk of Rupert Murdoch’s 21st Century Fox, including the company’s current 39% stake in Sky. Separately, Fox has been trying to win regulatory and shareholder approval for an agreement to consolidate its ownership of Sky, by buying the 61% it doesn’t already own.

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