Disney has been told its planned takeover of 21st Century Fox means it must also make a full bid for Sky.
The US entertainment giant is pursuing a £39billion purchase of Fox, including its 39 per cent stake in Sky.
But the UK Takeover Panel says Disney must also make an offer to buy the remaining 61 per cent of Sky if Disney’s takeover of Fox goes through.
If Fox is taken over by Disney before acquiring Sky, Disney must pay 1075p for each Sky share
Fox wants to buy the rest of Sky for £11.7billion but has been delayed by regulatory concerns about editorial output, which could see its bid blocked.
So, if Fox is taken over by Disney before acquiring Sky, then Disney must pay 1075p for each Sky share.