Feb 27, 2018

Murdoch bid for Sky challenged by US giant

US cable TV giant Comcast has made a £22.1bn takeover bid for Sky, challenging an existing offer from Rupert Murdoch's 21st Century Fox. 21st Century Fox had already agreed a deal to buy the 61% of Sky it does not already own. Comcast said the offer of £12.50 per share was a 16% higher than the 21st Century Fox offer. The chief of Comcast, Brian Roberts, said: "We think that Sky would be very valuable to us."

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