Murdoch's 21st Century Fox ups Sky bid to beat rival Comcast

Murdoch's 21st Century Fox ups Sky bid to beat rival Comcast

6 years ago
Anonymous $TjsaxHwAP-

https://phys.org/news/2018-07-murdoch-21st-century-fox-ups.html

The company says this is 12 percent higher than the last bid from Comcast and 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.

Shares in Sky Plc were down 0.8 percent at 14.90 pounds, suggesting investors believe Comcast could come back with another improved offer.