Fox’s Battle for Sky Takeover Attracts US Hedge Funds

Telegraph: Aggressive US hedge funds have built stakes in Sky worth hundreds of millions of pounds, betting that the Murdoch family will succeed in their bid for full control of the pay-TV giant. In recent days HBK, a fund based in Texas, and Pentwater Capital, of Illinois, have revealed they have built positions worth around £310 million and £300 million respectively.