Sky's independent committee said Wednesday Fox's new bid "represents a substantial increase in value relative to the Comcast offer", and it will "unanimously recommend" the offer to Sky shareholders, according to the Financial Times.
What's Next For the Disney-Fox Deal? It's also thought that, despite welcoming a new counteroffer from Comcast, Rupert Murdoch is in favor of Disney over Comcast due to antitrust concerns, even after the successful AT&T and Time Warner merger.
A vote to approve Disney's bid is scheduled for July 27, but Comcast is expected to come forward with a counterbid before then. "We strongly believe that a combined 21CF and Sky will be a powerful driver for the continued growth and vibrancy of the United Kingdom and broader global creative industries".
Kate Middleton Has Worn This Designer at All of Her Children’s Christenings
Charlotte , who was seen clutching the programme from the christening, also reportedly gave a sweet wave to the crowds. The Queen and Prince Philip won't attend the christening .
Sky has become a pawn in a much larger struggle between Comcast and Disney (DIS), which are locked in a bidding war for most of Fox, including its existing stake in Sky.
The world's biggest entertainment company and owner of NBC and Universal Pictures gate-crashed Murdoch's bid for Sky in February.
Disney's bid to buy out the majority of Fox's entertainment assets was the talk of the town past year, until the two companies hit a roadblock - an anti-competitive complaint by the Department of Justice.
Disney secured conditional US approval to buy the assets last month, giving it an edge over Comcast's bid. Those assets include the Fox's Hollywood studios, content library, cable channels, worldwide networks, and a 39-percent stake in Sky.