Comment on Fox-Comcast battle to buy Sky to be settled by auction in UK

Fox-Comcast battle to buy Sky to be settled by auction in UK

LONDON (AP) — Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a foothold in the European pay TV market. The auction will begin after the London stock market's close on Friday and end sometime Saturday evening following a maximum of three rounds of bidding, Britain's Takeover Panel said in a statement. Fox started the bidding war last December, when it sought to acquire the 61 percent of Sky it doesn't already own.Read more on NewsOK.com

 

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