Sky could end up the consolation prize in the battle for Fox. But that doesn’t mean it won’t fetch a blockbuster price.
Shares in the European pay-TV giant, which has received rival bids from Fox and Comcast this year, slipped almost 2% Wednesday. This followed news late Tuesday that AT&T and Time Warner will be allowed to merge, which was followed by Comcast’s big bid for Fox on Wednesday.
Investors’...