RPT-UPDATE 1-Attention turns to bid price after Sky's soccer winner [Reuters]
Fox Corporation - Class B (FOX)
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Source: Reuters
Attention turns to bid price after Sky's soccer winner | Reuters 4 Min Read LONDON (Reuters) - Sky has tightened its grip on English Premier League soccer rights at a lower price than it currently pays, fuelling speculation that Twenty-First Century Fox could now be forced to pay more to buy the broadcaster. The positive result for Rupert Murdoch’s European pay-TV company could strengthen the hand of shareholders who want Fox to raise its offer to buy the 61 percent of the group it does not already own. Walt Disney Co also had an interest in the outcome because if its $52 billion deal to buy Fox assets is cleared, it will end up owning either all of Sky, or the 39 percent stake that Fox currently holds. Shares in Sky rose 3.5 percent to a two-year high of 10.98 pounds, exceeding the 10.75 pounds per share that Fox agreed to pay for the group in December 2016. Analysts at Jefferies said Sky, which has used Premier League soccer to help build its pay TV business over more than two decad
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