Daily Management Review

Comcast Renews Bids For Sky At ‘$31 Billion’ In A Lock Horn Battle With Fox


Comcast hasn’t given up on its attempt of taking over Sky, in spite an “already agreed” bid between Sky and Fox.

Comcast Corp is a cable company of the United States which made an offer of “22 billion pound ($31 billion)” for “pay-TV group Sky”, on Wednesday, 25 April 2018. This bid of Comcast over takes, by 16%, a bid of takeover by “Rupert Murdoch’s Fox”, which has been “already agreed” upon.
At first, on Friday, Comcast had made an offer “12.50 pounds-a-share”, while the company also reported it intentions of continuous interaction with the “independent directors” of Sky in order to obtain a “recommendation for its deal”.

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