Sky battle escalates as Comcast raises offer to £26bn

Sky battle escalates as Comcast raises offer to £26bn
 

The battle for Sky intensified on Wednesday night as Comcast raised its bid for Sky, valuing the pay TV giant at £26bn.
The move by the NBC owner came less than 24 hours after 21st Century Fox increased its offer to £24.5bn.
That topped Comcast's previous £22bn offer and is part of an escalating war between media giants including Disney.
Comcast said its cash offer has been recommended by Sky's independent committee of directors.
The company also had the financing needed for the deal, it added.
Rupert Murdoch's Fox has been waiting for approval from UK regulators before putting the deal to... read more

 
12 July 2018 in Business, Views: 56
Source: BBC
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