Wednesday, July 11, 2018

Rupert Murdoch ups his offer for takeover of Sky to £24.5bn

21st Century Fox intensifies bidding war, trumping Comcast’s bid of £22bn

Rupert Murdoch has upped his offer for Sky to £24.5bn, trumping the offer tabled by rival Comcast and intensifying the bidding war for the broadcaster.

The bid worth £14 per share means Murdoch’s 21st Century Fox will have to pay £14.7bn for the 61% of Sky it does not already own.

Related: Amazon breaks Premier League hold of Sky and BT with Prime streaming deal

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from Mergers and acquisitions | The Guardian https://ift.tt/2L3lrja

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