Comcast Muscles Fox Aside With $39B Offer for Sky

Sep 22, 2018 - Fortune

Comcast Corp. bid highest in a quick-fire auction of Sky Plc, dealing Rupert Murdoch's 21st Century Fox Inc. a potential knock-out blow in their battle for Europe's largest satellite broadcaster.

The U.S. cable TV provider offered 17.28 pounds a share for London-based Sky, compared with Fox's 15.67-pound bid, the U.K. Takeover Panel said Saturday. Comcast's proposal values Sky at 29.7 billion pounds ($39 billion). A victory over Fox, however, won't be sealed unless Sky investors tender the...