Fox to press on with Disney merger despite likely Comcast bid

Photo of Fox to press on with Disney merger despite likely Comcast bid
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21st Century Fox chairman Lachlan Murdoch expects approval for Sky acquisition ‘in a month or two’ as $60bn Comcast offer expected

The chairman of 21st Century Fox, Lachlan Murdoch, said the media company planned to press ahead with plans to merge with Disney and take full control of Sky on Wednesday but said the company was considering its options as cable giant Comcast prepares a higher bid.

Last December Fox agreed to sell most of its cable and studio assets to the Walt Disney Company. It is also looking to acquire the shares of Sky it doesn’t already own.

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