July 11, 2018 / 9:57 PM / 5 months ago

Comcast makes higher offer for Sky, tops Fox bid

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

(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.

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below