UK regulator rules on Disney bid level for Sky


The UK’s Takeover Panel has confirmed its ruling that Walt Disney might have to offer at least £14 a share to buy Sky.

Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox’s TV and film assets, which include a 39 per cent stake in Sky, before either Fox or Comcast succeed in taking control of the UK pay-television.

The price is designed to reflect the level of the offer Disney is making for Fox, and its holding in Sky. US rival Comcast’s offer of £14.75 per Sky share currently leads the bidding.