U.K. the government has almost decided to give clearance to media tycoon Rupert Murdoch to take over Sky. att Hancock , the culture secretary will give the final verdict to Murdoch to buy 61% of Sky which he doesn’t own. The government insists that  Murdoch must also take care of any funding issues by Sky News’ new owner which is expected as Disney. Hancock is going through submissions before concluding on a final decision. Other than this the U.K government is looking for new options also but this will result in a delay for final decisions.

The U.K government had been on a detailed investigation and study to sort out the issue which lasted for around 18 months. Market observers believe that the government should move ahead with the decision to avoid any further delay.

On the light of the latest developments and expectations that Murdoch will get a clearance, 21st Century Fox is trying to lodge a fresh bid for Sky as the earlier bid was way back in 2016. Sources say that once the decision is announced a fresh bid is expected from Fox for Sky. A bit of that level would value Sky at almost £26bn, with Murdoch paying £15.3bn for the 61% he does not already own.

Since the pending matter with the government is moving towards a speedy solution, Comcast ‘s Euro 22 bn offer to Sky shareholders will take a new turn. Comcast will have to rework on their offer and most likely be forced to rethink about its plan. The battle for Sky is turning out to be a larger fight between Disney and Comcast to take over most of 21st Century Fox which own 39% of Sky as well as assets including the Hollywood studio behind films from Deadpool to X-Men. Disney had offered to buy Sky News from Murdoch to help his security clearance to buy Sky and they have increased their offer to handle Comcast’s offer