Battle for Sky heats up as Fox, Comcast table fresh offers
July 12, 2018
Broadcasting | Isleworth, UK | Corporate Acquisition
Comcast has raised its bid for Sky to £26 billion after 21st Century Fox increased its offer for the stake of the UK broadcaster it does not already own to £24.5 billion. Fox reportedly expects to receive regulatory approval for the deal this week. Comcast made a formal £22 billion offer for the company in April. Fox initially agreed a £18.5 billion deal to take over Sky in December 2016.