Ashurst is advising Deutsche Bank in relation to the takeover bid by 21st Century Fox for Sky plc. Deutsche Bank is acting as lead financial adviser to 21st Century Fox in relation to the bid. Under the terms of the acquisition, 21st Century Fox will acquire the remaining 61% of shares in Sky that it and its affiliates do not already own.

Sky shareholders will receive £10.75 in cash for each share, which implies a value of approximately £11.7 billion for the fully diluted ordinary share capital of Sky (excluding the shares in Sky already owned by 21st Century Fox and its affiliates).

The Ashurst team is being led by corporate partners Adrian Clark and Robert Ogilvy Watson, and finance partner Tim Rennie, assisted by corporate senior associate James Fletcher and finance senior associate Campbell Johnston.