September 23, 2018 / 3:25 AM / in 8 months

Sky's independent directors recommend Comcast offer

The Sky logo is seen on outside of an entrance to offices and studios in west London, Britain June 29, 2017. REUTERS/Toby Melville/Files

LONDON (Reuters) - The independent directors of Sky backed Comcast’s 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.

“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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