LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox has changed the group of banks lined up to help finance its proposed takeover of European pay-TV company Sky, replacing Bank of America (NYSE:BAC) with Citibank.
The company said on Friday it requested the change because Merrill Lynch, part of Bank of America, is an advisor to U.S. cable company Comcast (NASDAQ:CMCSA), which has gatecrashed Fox's agreed offer for Sky with a rival $31 billion bid.