LONDON: 21st Century Fox Inc may announce a formal bid for Sky Plc as soon as today, people familiar with the matter said, and is hoping shareholders will accept its opening offer of £10.75 per share.
Should the bid not get the required support, Fox executives haven’t ruled out offering a higher price to finally secure a deal that’s been more than five years in the making, the people said, asking not to be identified as the details aren’t public.
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