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Murdoch's 21st Century Fox ups Sky bid in Comcast battle

SFGate Rupert MurdochRupert Murdoch
Wednesday, 11 July 2018 ()

Murdoch's 21st Century Fox ups Sky bid in Comcast battleLONDON (AP) — Media mogul Rupert Murdoch's 21st Century Fox has increased its bid to take full control of Sky in its prolonged battle with Comcast for the lucrative pay TV service. Fox increased Wednesday its bid to 14 pounds ($18.58) a share as it seeks the 61 percent of Sky not already under its control. The company says this is 12 percent higher than the last bid from U.S.-based Comcast. The new bid values Sky at 24.5 billion pounds ($32.5 billion). Fox has increased its bid by just over 30 percent since its first offer in December 2016.
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News video: Murdoch's Fox ups Sky bid to $32.5 bln, all eyes on Comcast

▶ Murdoch's Fox ups Sky bid to $32.5 bln, all eyes on Comcast 01:45

Rupert Murdoch’s 21st Century Fox has raised its offer for Britain’s Sky in an agreed deal valuing £24.49 billion, seeing off rival bidder Comcast for now. Pascale Davies reports.

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