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TOP NEWS: Sky, 21st Century And Disney Sign Confidentiality Agreement

15th Mar 2018 14:50

LONDON (Alliance News) - FTSE 100-listed Sky PLC said on Thursday it has signed a confidentiality agreement with Twenty First Century Fox Inc and The Walt Disney Co.

The agreement is related to the disclosure of information for enabling Fox and Disney to assess and obtain antitrust approvals needed for the proposed acquisition of Fox by Disney announced in mid-December, including the indirect acquisition of Fox's interest in Sky.

In December, Disney said it planned to acquire a large part of Twenty First Century Fox, including the Twentieth Century Fox movie and televison studio, cable channels including regional sports networks and key international properties, such as the stake in Sky PLC, which were valued collectively at USD60.00 billion.

Shares in Sky were up 0.5% at 1,328.00 pence on Thursday.


Related Shares:

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