With the wording of the annoucement it is possible that Sky was encouraged to looked at MW and complete due diligence. The annoucement states that there is a high degree of uncertainty. In my mind that would suggest that the deal is unlikely to go ahead until further information becomes available. Add the market reaction and analyst comments, I don't think Sky will proceed. If we assume Sky doesn't take over MW, is Sky now required to make another annoucement as soon as DD has been completed to propose a capital management plan?