logo
Plus   Neg
Share
Email

Sky Plc Enters Into Confidentiality Agreement With 21st Century Fox, Disney

British satellite television network Sky Plc (BSY.L,SKY.L) said it has entered into a confidentiality agreement dated 15 March 2018 with Twenty-First Century Fox, Inc. (FOX,FOXA) and Walt Disney Co. (DIS).

The confidentiality agreement relates to the disclosure of information for the purpose of enabling 21st Century Fox and Disney to assess and, if necessary, obtain certain antitrust as well as other regulatory approvals required in connection with Disney's proposed acquisition of 21st Century Fox announced on 14 December 2017.

This includes the proposed indirect acquisition of 21st Century Fox's interest in Sky.

In mid-December, Walt Disney agreed to buy certain assets of Rupert Murdoch's Twenty-First Century Fox, for about $52.4 billion in stock. Under the deal, Disney will acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT