Comcast makes higher offer for Sky, tops Fox bid

Comcast makes higher offer for Sky, tops Fox bid

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

The Comcast NBC logo
The Comcast NBC logo is shown on a building in Los Angeles, California. (REUTERS/Mike Blake)

REUTERS: Comcast Corp on Wednesday raised its offer for Britain's Sky in a deal valuing the pay-TV group at US$34 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 US$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)

Source: Reuters

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