Comcast Raises Sky Offer After Fox Sweetened Its Bid - http://earlyretireonline.com | how to earn money fastJuly 12, 2018 11:24 am
Categorised in: Breaking Financial News
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.