UK minister allows 21st Century Fox takeover of Sky

A UK culture minister said Tuesday that 21st Century Fox can move forward with its planned takeover bid for Sky — as long as it sells the pay-TV broadcaster’s news division, Sky News.

The move sets up a likely Comcast-Disney bidding war for the property.

Fox, which owns 39 percent of Sky, moved in 2016 to purchase the remaining piece of the broadcaster — but regulators put the move on hold.

After a review, the $16 billion Fox bid for Sky was given the green light on Tuesday — as was Comcast’s $30 billion bid for all of Sky.

In December, Disney agreed to buy most of Fox, including its 39 percent stake in Sky and the movie studio 20th Century Fox.

Fox launched a bid to buy the remaining stake, valuing Sky at about $25 billion.

A rep for Fox noted that the Disney offer is not contingent on Fox buying the rest of Sky.

In a statement, a Fox spokesman said the company has already taken steps to sell Sky News to Disney.

Disney said it welcomes the UK decision. Comcast declined to comment.

With this regulatory decision in hand, both Disney and Fox will focus on price, sources said. Fox and News Corp., which owns The Post, have common ownership.

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