Comcast bests Fox with a $34 billion offer in the ongoing bidding war for Sky
|07/12/2018||Posted by BusinessMediaguide.Com under General World News||
- Comcast has bid £14.75 a share for the British broadcaster Sky.
- The offer tops Fox’s bid earlier in the day, and continues a bidding war between the companies.
Comcast increased its bid for Sky Wednesday evening, beating an offer 21st Century Fox issued earlier in the day to continue a bidding war for the British broadcaster.
Comcast’s newest offer came in at £14.75 per share, valuing Sky at £26 billion ($34 billion) up from it’s previous offer of £22 billion.
Earlier on Wednesday, Rupert Murdoch’s 21st Century Fox bid £14 a share for Sky.
Fox’s offer is pending UK government approval read more >>>