September 22, 2018 / 7:54 PM / 2 months ago

Sky's independent directors recommend Comcast offer

FILE PHOTO: A British Sky Broadcasting Group (BSkyB) logo is seen at the company's UK headquarters in west London July 25, 2014. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - The independent directors of Sky SKYB.L backed Comcast’s (CMCSA.O) offer for the pay-TV group on Saturday after a rare auction that saw the U.S. cable company defeat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O).

“We consider the Comcast offer to be an excellent outcome for Sky shareholders, and we are recommending it as it represents materially superior value,” said Martin Gilbert, chairman of Sky’s independent committee.

“We are focused on drawing this process to a successful and swift close and therefore urge shareholders to accept the recommended Comcast offer.”

Reporting by Paul Sandle, Editing by Ben Martin

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