Sky News HD logo is pictured on a sign outside pay-TV giant Sky Plc's headquarters in Isleworth, west London.
SAN FRANCISCO - The 21st Century Fox media group said Wednesday that it still wants to buy pan-European TV group Sky, but is considering its "options", following a counter-offer by cable operator Comcast.
"We remain committed to our bid to buy the remaining Sky shares we do not own and expect to receive UK regulatory approval in a month or two," said James Murdoch, the chief executive of Fox and chairperson of Sky.
"Comcast has just begun its regulatory process and we think it&39;s very reasonable for Comcast to undergo a robust regulatory review, which could take months," Murdoch added.
"We&39;re considering our options with a further announcement to be made in due course," he added.
Comcast, which lost out to Disney last year in an effort to buy 21st Century Fox, formalised its £22-billion (R264-billion) cash bid for Sky in April.
21st Century Fox had earlier made a lower offer per share for the 61 percent of Sky it does not own - a bid that has come under intense regulatory scrutiny.