Magazine article Screen International

Sky Bidding War Heats Up with New Comcast Offer

Magazine article Screen International

Sky Bidding War Heats Up with New Comcast Offer

Article excerpt

US giant increases bid, trumping latest 21st Century Fox offer.

The expected bidding war for Sky heated up late on Wednesday (July 11) as Comcast made a new £14.75 a share bid for the European pay TV giant.

The bid, which gives Sky an implied value of $34bn (£26bn), topped the £14 a share bid made by 21st Century Fox earlier in the day.

Sky’s independent directors, which had approved the Fox bid at the start of the day, gave their support to the new Comcast offer. …

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