Wednesday, July 11, 2018

Comcast parries Rupert Murdoch's Sky bid with £26bn offer

Murdoch raised his initial offer to £24.5bn one day before bid clearance by UK government

Comcast has moved swiftly to table a £26bn offer to buy Sky, trumping Rupert Murdoch within hours of the media mogul tabling a new £24.5bn offer.

Comcast’s £14.75p a share offer comes within hours of Murdoch making a new £14 a share offer valuing Sky at £24.5bn.

Related: Rupert Murdoch set to receive clearance in bid for full control of Sky

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from Mergers and acquisitions | The Guardian https://ift.tt/2JgJiaf

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