Comcast ups bid for Sky to GBP 39 bln

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(Telecompaper) Comcast has submitted a new and higher offer for European pay-TV provider Sky to the US Takeover Panel in round three of the competition auction between itself and rival 21st Century Fox. After raising its price in July to GBP 14.75 per share or a total of GBP 26 billion, the new bid now goes to GBP 17.28 per share. Reports have put the total worth of the offer to GBP 39 billion. Fox earlier bid GBP 14 per share, or a total of GBP 24.5 billion for the company.
Source: Industry News (syndicated from Telecompaper.com)

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