Hedge Funds Watch Sky Auction as Bidding War Draws to an End

Comcast and Fox are poised to make bids for Sky under a mandate by Britain’s Takeover Panel.

(Simon Dawson/Bloomberg)

(Simon Dawson/Bloomberg)

Hedge funds with a stake in Sky, the British media and telecom giant, will soon know the victor of a bidding war for its assets that’s been playing out for months.

British securities regulators have mandated that an auction for Sky’s assets, with Comcast and Twenty-First Century Fox as bidders, be completed on Saturday, September 22.

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