Fox plans to concede defeat in Sky battle, review stake: source

Fox plans to concede defeat in Sky battle, review stake: source

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LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) expects Sky’s (SKYB.L) unbiased administrators to suggest Comcast’s (CMCSA.O) $39 billion bid, after which Fox will concede defeat within the battle for the British broadcaster, a supply with information of the matter instructed Reuters.

FILE PHOTO: The 21st Century Fox emblem is displayed on the facet of a constructing in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson/File Picture

Fox may also evaluate choices for its 39 p.c stake in Sky after Comcast outbid Murdoch’s group with a 17.28 kilos a share supply for the pay-television group, the supply stated.

Reporting by Ben Martin, Enhancing by Paul Sandle

Our Requirements:The Thomson Reuters Belief Ideas.

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