July 11, 2018 / 9:57 PM / in 2 months

Comcast makes higher offer for Sky, tops Fox bid

(Reuters) - Comcast Corp on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion (£25.7 billion), challenging a raised bid from Twenty-First Century Fox.

The Sky News logo is seen on the outside of offices and studios in west London, Britain June 29, 2017. REUTERS/Toby Melville - RC169E7744A0

Comcast’s offer of 14.75 pounds per share was higher than the 14 pounds per share, or $32.5 billion, offered by Rupert Murdoch’s Fox earlier in the day.

Reporting by Sonam Rai and Arjun Panchadar in Bengaluru; Editing by Sriraj Kalluvila

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