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Why Rupert Murdoch Is in No Hurry to Raise His Bid for Sky (1)

March 16, 2018, 4:28 PM

Rupert Murdoch’s 21st Century Fox Inc. wants to wait for Comcast Corp. to formalize its offer for Sky Plc before making its next move on the broadcaster it’s been eyeing for almost eight years, according to people familiar with the matter.

How long is up to his opponent.

To move ahead with its $31 billion proposal to buy Sky and keep it out of Murdoch’s hands, Comcast must formalize the offer with the U.K.’s takeover watchdog. Under U.K. rules, though, the U.S. pay-TV company is under no pressure to do so until Fox’s own bid for Sky is cleared by ...