The Rupert Murdoch-owned company has drafted in Citibank in BoA’s place.
Fox requested the change because Merrill Lynch – which is part of the BoA group – is an advisor to US cable firm Comcast Corporation (NASDAQ:CMCSA), which has rivalled Fox’s offer with a bid of its own.
Fox, Disney and now Comcast all interested in Sky
Fox – which already owns 39% of Sky’s stock – first launched its bid of £10.75 per Sky share back in December 2016.
Sky’s board has recommended that shareholders accept the offer, but the two parties are still awaiting approval from competition regulators in the UK.
More recently, Comcast – which owns NBC and Universal Pictures – threw its hat into the ring with a possible US$31bn (£22.1bn) all-cash offer, which values each share at £12.50.