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

7 years ago
Anonymous $oIHRkISgaL

https://apnews.com/dcd777d1ebef443192ee8eba8a2b3e2b

LONDON (AP) — British regulators say that the corporate battle between 21st Century Fox and Comcast to take over broadcaster Sky will be settled by auction. 

The Takeover Panel, an independent regulator, says that since neither company has declared its offer final, an auction procedure is expected to commence at 5 p.m. on Sept. 21 and end during the evening of Sept. 22.