Fox Makes It Easier to Clinch Sky in Takeover Fight With Comcast
21st Century Fox Inc. is making it easier to clinch a takeover of European broadcaster Sky Plc by lowering the bar for approval, to gain an edge over rival bidder Comcast Corp. Fox on Tuesday switched the conditions of shareholder acceptance for its bid to a straight offer, from a scheme of arrangement. “This allows Fox to take advantage of their 39 percent stake,” said Bruno Burki, an analyst at United First Partners in London.