January 29, 2018 / 5:40 PM / a month ago

Hedge fund Elliott increases stake in Fox takeover target Sky

LONDON (Reuters) - U.S. hedge fund Elliott, which often wages activist campaigns at companies, has lifted its stake in British pay-television broadcaster Sky SKYB.l to 1.29 percent, a stock exchange filing issued on Monday shows.

It comes as Twenty-First Century Fox attempts to acquire Sky for 11.7 billion-pounds. Elliott first disclosed a 1.09 percent stake in Sky through derivatives on Friday.

Reporting by Ben Martin; Editing by Edmund Blair

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