Comcast seeks to outfox Murdoch with higher bid for Sky
The US cable giant is putting in an informal all-cash offer of more than £22b overall for the satellite TV group
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US cable giant Comcast joined in the battle for pan-European satellite TV group Sky on Tuesday, outbidding Rupert Murdoch's 21st Century Fox, whose takeover ambitions have hit UK government resistance.
In a surprise announcement before the London stock market opened, Comcast presented an informal all-cash offer of £12.50 per share for Sky, or more than £22 billion (S$40.4 billion) overall.
