Bidding war for Sky on course for auction - Takeover Panel

The bidding war for Sky plc, the owner of Sky News, is to enter a rare auction process unless a winner emerges.The development was announced by the Takeover Panel, which presides over City rules governing bids for UK firms, as the clock ticks down to its deadline for American suitors 21st Century Fox and Comcast to make final offers for the UK-based home and mobile entertainment and communications company.Comcast is currently leading the bids for Sky in financial terms, offering £14.75 per