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Comcast makes higher offer for Sky, tops Fox bid

2018-07-12 06:20    Investing

Comcast makes higher offer for Sky, tops Fox bid Stock News

© Reuters. Comcast makes higher offer for Sky, tops Fox bid

(Reuters) - Comcast Corp (O:CMCSA) on Wednesday raised its offer for Britain's Sky (L:SKYB) in a deal valuing the pay-TV group at $34 billion, challenging a raised bid from Twenty-First Century Fox (O:FOXA).

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.

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