Fox Waits to Raise Sky Bid Until After Offer from Comcast

Bloomberg: 21st Century Fox wants to wait for Comcast to formalize its offer for Sky before making its next move on the broadcaster it’s been eyeing for almost eight years. 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.