Sky shares race higher on Disney and 21st Century Fox takeover rumours

Shares in Sky pushed higher on Thursday as rumours intensified that Disney and 21st Century Fox are edging closer towards a deal.

Shares in Sky pushed higher today as rumours intensified that Disney and 21st Century Fox are edging closer towards a deal.

The broadcasting giant was up just shy of 2% in morning trading on the London Stock Exchange in response to reports that Disney is leading the chase to buy a significant slice of Fox's media empire, which would include its 39% stake in Sky.