But Fox may still face further competition from USA cable giant Comcast which submitted its own bid for Sky in February, valuing the pan European group at 12.50 pounds per share.
The company says this is 12 percent higher than the last bid from Comcast and values Sky at 24.5 billion pounds ($32.5 billion).
Tom Watson, a British Labour Party politician and opponent of Fox's bid to buy Sky, told Variety that a bidding war could be a good thing for shareholders but that it is more important to protect Sky.
Korean-American Kevin Na Wins 2nd Career PGA Victory
Meanwhile, 19-year-old Joaquin Niemann fires a closing 64 to jump 26 spots to a tie for fourth at 12 under. Kraft (70) wound up second, while Jason Kokrak (67) and Brandt Snedeker (64) tied for third at 13 under.
The 21st Century Fox logo is displayed on the side of a building in midtown Manhattan in NY, U.S., February 27, 2018.
The skirmish for control of Sky is being fought in the shadow of an even bigger battle - a struggle for control of prized entertainment assets owned by Fox, including its stake in Sky. Sky's shares closed at £15.01 on Tuesday, suggesting shareholders think the battle is not over.
Britain's former Culture Minister Matt Hancock, who was replaced Monday night with Jeremy Wright in a cabinet shakeup, had said he was willing to let the takeover go ahead, provided Fox sold Sky's 24-hour news channel to Disney. Since then, Variety reports that Disney has ramped up its efforts, countering with an unprecedented $71.3 billion deal.
"They're way behind the curve still", said Crispin Odey, founder of Odey Asset Management LLP, which owns shares of Sky.
Both Comcast and Disney have indicated that they would divest Fox's 22 regional sports networks in order to gain approval for their respective deals.
Multinational mass media corporation 21st Century Fox on Wednesday said it has raised its offer to buy United Kingdom's Sky Plc.
Murdoch had previously tried to buy Sky in 2011 when a phone hacking scandal at his News of the World tabloid sparked a political backlash over his role in Britain.
Likely Impact of US-China Trade War: Prices Up, Growth Down
In June, the British leader warned both Trump and European Union leaders of the dangers of entering a tit-for-tat trade war. On Thursday, Commerce Ministry spokesman Gao Feng hit back at "threats and blackmail" ahead of the planned USA tariff hike.
Named the best novel of the last 50 years
The writer has won the Booker prize for the English patient in 1992. "Few novels really deserve the praise: transformative". At that time, the public voted for Salman Rushdie's Midnight's Children , which originally won in 1981.
Wimbledon 2018 -- Men's quarterfinal matches
Federer ended up with more points won than Anderson in this match, but ultimately the difference came down to two unforced errors. The first hiccup surfaced at the start of the second set with Anderson breaking the Federer serve and ending that run of holds.
William’s call to England: It’s coming home!
That match against West Germany had ended in a 1-1 draw, with England going on to lose the penalty shootout. He said: "Thanks to you lovely people, Shotgun has been Number 1 for two weeks running.
Van der Sar backs Belgium for World Cup glory
Commentators seem to agree that the current young England team have been playing intelligently and with discernible teamwork. In the photo, the words have been changed to " Gareth Southgate Street", in tribute to England manager Gareth Southgate.
Dead-eyed Knox beats Fox in Irish Open playoff
However, after taking just 27 putts on the final day, he's confident he's close to hitting his top form for The Open. I had a great feeling on the greens. "To make the Ryder Cup team, you have to win tournaments", Knox said.