Formal bid for Sky by Murdoch's 21st Century Fox thought imminent

Offer would trigger a regulatory process – starting with the culture secretary, Karen Bradley, deciding if there is a media plurality issue Rupert Murdoch’s 21st Century Fox is expected to table a formal offer for Sky as soon as Thursday.Murdoch is not thought to have raised his £10.75 a share offer, which values Sky at more than £18bn, despite the protests from a number of Sky’s smaller shareholders. Continue reading...