Sky Favoring Comcast Takeover Offer Over Fox

Citing the higher cash offer from Comcast (see 1804250026), Sky's independent committee withdrew its recommendation of the Fox takeover offer and terminated the cooperation agreement with Fox, it said Wednesday. It said Comcast's voluntary commitments for Sky News "should comprehensively address any potential public interest concerns." Fox said it "remains committed to its recommended cash offer for Sky ... and is currently considering its options."