Sky Investor Crispin Odey Says He Now Opposes Fox Takeover

(Reuters) Veteran hedge fund manager Crispin Odey now opposes Twenty-First Century Fox’s (FOXA.O) 11.7 billion pound ($15.4 billion) bid to take control of British pay-TV broadcaster Sky (SKYB.L) in a move that could raise further doubts about the deal. Odey, whose firm is Sky’s 17th biggest investor with a 0.9 percent stake, according to Thomson Reuters data, believes that Fox’s 10.75 pound-a-share bid “starts to look like it’s not a very good price” for the broadcaster. “I’d vote against the deal,” Odey told Reuters, when asked how he would vote on the offer.

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