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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
