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Comcast Raises Sky Offer After Fox Sweetened Its Bid - http://earlyretireonline.com | how to earn money fast

July 12, 2018 11:24 am
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The battle for control of European pay-TV giant Sky PLC heated up Wednesday, with 21st Century Fox raising its bid and cable company Comcast Corp. quickly countering later in the day, the latest jockeying in a cross-Atlantic media deal showdown.

Comcast raised its offer for Sky to £14.75 per share, valuing the company at $34 billion. That is a 5% premium to an offer Fox announced earlier Wednesday and 18% above Comcast’s earlier bid. Comcast said its latest offer was recommended by Sky’s independent directors.

 
 

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