CMCSA Comcast Corporation

By Carlo Martuscelli

The U.K.'s takeover panel said Wednesday that on July 27 its hearing committee will review its decision to require Walt Disney Co. (DIS) to make an offer of 14 pounds ($18.46) a share for Sky PLC (SKY.LN) in the event of it buying 21st Century Fox Inc.'s (FOX) entertainment assets.

The decision comes after the panel's decision on Friday that Walt Disney must raise its offer for Sky. At the time, the Takeover Panel said that Sky intended to request a hearing to review the ruling.

In April, the U.K. regulatory body said Disney's mandatory offer for Sky would be priced at GBP10.75 a share. However, the price has been increased in light of Disney's sweetened offer for the Fox entertainment assets, which include a 39% stake in Sky, the panel said.

Sky is 39%-owned by Fox, which shares common ownership with News Corp. (NWS), the parent company of Dow Jones.

Read more about the Sky takeover at https://on.wsj.com/2JhQx1C (WSJ paywall) or https://bit.ly/2usY3RU (NewsPlus).

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

July 18, 2018 12:03 ET (16:03 GMT)

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