Instead, the offer is meant to help Rupert Murdoch's 21st Century Fox buy full control of Sky News' parent company, the broadcaster Sky, a deal that has languished amid concern here in Britain that Murdoch could assume too much control over the country's media.
Fox, which now owns just 39 per cent of Sky, expressed confidence either option would address the CMA's outstanding concerns.
A late offer by Disney to purchase Sky News appears to have eliminated one of the last remaining obstacles to an £11.7bn takeover of Sky by Murdoch's21st Century Fox.
The competition watchdog is expected to give its verdict on the Fox's Sky bid by May 1, leaving the final decision on whether to approve the deal to Culture Secretary Matt Hancock by mid-June. They argue that Mr Murdoch and his family, who also control News Corp, owner of The Sun and The Times, as well as Talksport radio, have too much influence over the United Kingdom media market.
Their view appeared vindicated when Comcast said it would pay 12.50 pounds a share to buy Sky, although it has not yet made a formal bid.
The British antitrust regulator, the Competition and Markets Authority, wouldn't comment on the Fox proposals. First, Sky News could be established as a distinct, "ring-fenced" company inside Sky, with its own board and guaranteed funding for 15 years.
Fox said its new concessions went beyond the steps that Britain's media regulator Ofcom said would mitigate concerns about Murdoch's influence. But as Disney's deal for Fox is now structured, Disney would get Fox's current 39% ownership stake in Sky, which would include Sky News.
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The Sky News proposal would take place regardless of whether that acquisition was successfully concluded, Fox said.
Disney has made a bid for the TV assets of 21C Fox. It now owns 39 percent of Sky.
Comcast offered 12.50 pounds a share in cash for Sky on February 27, topping an existing offer of 10.75 pounds from Fox, which owns 39 percent of the European satellite broadcaster.
It provisionally ruled that Mr Murdoch would have too much influence over public opinion if the deal went ahead as planned.
Liberum added: "The news that Sky Italia seems to have settled its long-running fight with Mediaset in the Italian pay-TV market also makes Sky more valuable to a bidder, given it makes the prospects in Italy more attractive".
Fox said, "We are aware that a group of politicians that is opposed to the transaction is seeking to influence the CMA and is making a number of unsupported and fanciful assertions".