7th Aug 2018 18:33
LONDON (Alliance News) - Twenty-First Century Fox Inc late Tuesday said it posted an offer document to Sky PLC shareholders for acceptance.
Meanwhile, Sky said it noted the publication and intends to pass both the offers made by Comcast Corp and Fox to shareholders. The paid-TV operator said it will publish its formal response to Fox offer within 14 days.
Comcast and Fox are tangled in a war over Sky as, earlier in July, the former increased its offer to 1475.00 pence per Sky share in a move to outbid Fox's at 1400p per share.
Shares in Sky closed 0.3% higher on Tuesday at 1,520.00p each.
At the time, Sky said that the independent committee of the board recommended shareholders to accept Comcast's increased offer.
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