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In latest offer, Disney will fund Sky News for 15 years

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Disney has offered to fund Sky News for 15 years and not sell the property without regulators' permission, according to a statement from the U.K. Secretary for digital, culture, media and sport with revised merger conditions offered by 21st Century Fox, which is trying to acquire the British broadcaster for $15 million.

Why it matters: Disney is taking on these responsibilities in an effort to win a bidding war with Comcast in the U.S. for Fox's entertainment assets, which would include its stake in Sky.