5 Jun 2018

Government clears way for Sky bidding war

Business Editor

Rupert Murdoch’s bid to take full ownership of Sky has been thrown a lifeline. The government says the deal could go ahead if Mr Murdoch agrees to sell off Sky News to a credible owner. Unfortunately for Mr Murdoch, the government has also cleared a rival offer for Sky from the US media giant Comcast. So is a bidding war about to start in a complex deal in which Mr Murdoch wants to buy Sky in order to sell it as part of a bigger deal with Disney?