21st Century Fox & Disney Forced To Increase Sky News’ Budget to $130M Per Year To Push Through Takeover

Read on: Deadline

The long-running saga of 21st Century Fox's $15B attempt to takeover European pay-TV operator Sky continues after British Culture Secretary Matt Hancock warned Disney would have to increase Sky News' budget to £100M ($132M) to get a deal over the line. Hancock urged Disney and 21st Century Fox to improve its terms, after the two companies offered a series of undertakings to protect the news broadcaster earlier this year. He said that Disney would be restricted from…