No mousing around as Disney offers to take Sky News

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"Under this proposal, Sky News would operate entirely independently with guaranteed funding by 21CF for 15 years".

The offer is a revision of "remedies" submitted by Fox in a bid to smooth the completion of its £11.7bn takeover of Sky, which is still under review by the Competition and Markets Authority.

As an alternative to the Disney sale, Fox proposed additional measures to preserve the news channel's independence. Fox in December 2016 offered to buy the rest of Sky that it doesn't own yet.

That could remove a major objection from the CMA, allowing Fox to acquire the 61% of Sky it doesn't already own.

It added: "The divestment of Sky News to Disney is separate from, and not conditional on, Disney's acquisition of Fox".

The Sky offers published Tuesday included new details on a previously offered legal separation and ringfencing of Sky News, as well as what it called "a divestiture of Sky News to The Walt Disney Company envisaged to occur only after completion of 21 Century Fox's acquisition of Sky (and irrespective of whether Disney's proposed acquisition of 21st Century Fox reaches completion)".

Boosted by this Comcast offer, the Sky action has been evolving since around 13 pounds.

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Their view appeared vindicated when Comcast said it would pay 12.50 pounds a share to buy Sky, although it has not yet made a formal bid. "These enhanced remedies went above and beyond what Ofcom, the expert, independent regulator on United Kingdom broadcasting, had stated would mitigate concerns around media plurality", Fox said in a statement.

Fox is continuing to work with United Kingdom regulators on finalizing the deal for Sky while also fending off a rival bid from Comcast. The principle reason behind this was broadcasting standards and plurality concerns. Britain's Culture Secretary Matt Hancock will then issue his verdict.

Sky reacted to the latest remedies offered and said that it believes that both these offers ultimately address particular plurality concerns the CMA may have and would promise the upcoming future of Sky News and its ongoing editorial independence. It now owns 39 percent of Sky.

Liberum added: "The news that Sky Italia seems to have settled its long-running fight with Mediaset in the Italian pay-TV market also makes Sky more valuable to a bidder, given it makes the prospects in Italy more attractive".

USA cable giant Comcast gate crashed the deal in February when it said it would offer 12.50 pounds a share to buy Sky, compared to Fox's 10.75 pounds, although it has not yet made a formal bid.

The four said the promises did not go far enough, given Murdoch's record of influence.

Fox also hit back at MPs opposed to the proposed takeover, accusing them of seeking to influence the CMA and making a "number of unsupported and fanciful assertions".

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