Comcast wins bidding for Sky with offer of GBP 30.6 bln

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(Telecompaper) US cable operator Comcast has won the bidding to acquire European pay-TV provider Sky in the auction with rival 21st Century Fox held by the UK Takeover Panel. After raising its price in July to GBP 14.75 per share or a total of GBP 26 billion, the winning bid reached GBP 17.28 per share, equal to over GBP 30.6 billion in total. 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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